Do you want to own your own candy store?
Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.9217313594759411610085
Find the sample mean startup cost x and sample standard deviation s.
x = thousand dollarss = thousand dollars
Find a 90% confidence interval for the population average startup costs μ for candy store franchises. (Round your answers to one decimal place.)lower limit thousand dollarsupper limit thousand dollars