document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=871716>Question 871716</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Good afternoon, I need help with this problem I answered this question wrong during class.\r<BR>\n" );
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document.write( "A company opening a new theater is interested in knowing the average price charge by the other movie theaters. A random sample of 100 movie theaters taken by the company showed a mean price of a movie ticket to be $6.75 with a standard deviation of of $.80\r<BR>\n" );
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document.write( "a) what is the point estimate of the mean price of movie tickets for all theaters\r<BR>\n" );
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document.write( "b) what is the margin of error associated with this estimate\r<BR>\n" );
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document.write( "c) construct a 99% confidence interval for the population mean µ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #525707 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=525707\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  <PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\"><font face = \"consolas\" color = \"indigo\" size = 3><b><BR>\n" );
document.write( "Hi<BR>\n" );
document.write( "a) what is the point estimate of the mean price of movie tickets for all theaters $6.75<BR>\n" );
document.write( " b) what is the margin of error associated with this estimate .8/10 =  .08<BR>\n" );
document.write( " c) construct a 99% confidence interval for the population mean µ<BR>\n" );
document.write( " ME = 2.58(.08) = .21<BR>\n" );
document.write( "CI: 6.75 -.21 < u <  6.75 + .21<BR>\n" );
document.write( "($6.54, $6.96) </SPAN>\n" );
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