Data from a random sample of airfare prices (in dollars) for a one-way ticket be

Question

Data from a random sample of airfare prices (in dollars) for a one-way ticket between two cities are shown to the right. Use a technology tool to construct a 95% confidence interval for the population mean. Interpret your answer. The 95% confidence interval is (Round to one decimal place as needed.) Interpret your answer. A. With 95% confidence you can say that the population mean airfare price for a one-way ticket between the two cities is between the two endpoints. B. There is a 95% probability that the actual mean is in the interval. C. With 95% confidence you can say that any sample mean of a sample of airfare prices for a one-way ticket between the two cities endpoints.

Explanation / Answer

From the given data we have

CI calculations

95% CI = (232.2743, 241.2741)

This means with 95% confidence we can say that any sample mean of a sample of airfare prices for a one way ticket between the two cities is between the two endpoints.

213 215 222 222 222 223 224 225 226 228 231 231 232 232 234 236 236 237 241 244 245 246 249 251 251 252 253 254 255 255 255

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