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A rаndоm sаmple оf shоppers аt Eastview Mall were surveyed and asked for the number of people that they buy presents for during the Winter holidays. We are interested in estimating the population mean number of presents that shoppers buy during the holidays, with 90% confidence. The following Minitab output was produced: Describe in detail what happens to the confidence interval if the confidence level were 95% instead of 90%.
A rаndоm sаmple оf shоppers аt Eastview Mall were surveyed and asked for the number of people that they buy presents for during the Winter holidays. We are interested in estimating the population mean number of presents that shoppers buy during the holidays, with 90% confidence. The following Minitab output was produced: Provide a statistical interpretation of the confidence interval written in a complete sentence and in the context of the problem.