(solution) Consumption of alcoholic beverages by young women of drinking age has been increasing in the...

Consumption of alcoholic beverages by young women of drinking age has been increasing in the United Kingdom, the United States, and Europe (The Wall Street Journal, February 15, 2006). Data (annual consumption in liters) consistent with the findings reported in The Wall Street Journal article are shown for a sample of 20 European young women. a. What is the 95% confidence interval estimate for the mean ticket sales revenue per theater? Interpret this result.  b. Using the movie ticket price of $7.16 per ticket, what is the estimate of the mean number of customers per theater? c. The movie was shown in 3118 theaters. Estimate the total number of customers who saw Hannah Montana: The Movie and the total box office ticket sales for the three day weekend.          

 

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Sep 13, 2020

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