Business, 14.02.2020 00:30 AleOfficial101

Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 transactions at random, she found that the average amount spent was $ 35.25 . She then computed a 95 % confidence interval to be between $ 31.84 and $ 38.66 .
1. Which statement gives a valid interpretation of the interval?
O The store manager is 95 % confident that the average amount spent by the 36 sampled customers is between $ 31.84 and $ 38.66 .
O There is a 95 % chance that the mean amount spent by all customers is between $ 31.84 and $ 38.66 .
O The store manager is 95 % confident that the average amount spent by all customers is between $ 31.84 and $ 38.66 .
O There is a 95 % chance that a randomly selected customer will spend between $ 31.84 and $ 38.66 .

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