(Solved): 1. Management is interested in estimating the average purchase amount for convenience stores in sub ...

1. Management is interested in estimating the average purchase amount for convenience stores in suburban Long Island. To do so, she randomly sampled 25 purchases from several convenience stores in suburban Long Island and tabulated the amounts to the nearest dollars. Use the following data to construct a 90% confidence interval for the average amount of purchase. Show your work including any equation(s) used, and provide a conclusion in a non-technical language. 107 8 7 7 1 8 5 w won 11 N00