Latasha is a waitress at Seventh Heaven Hamburgers. She wants to estimate the mean amount each group at a table leaves for a tip
. A random sample of 42 tables had a mean of = $7.30. Based on long term experience, s ≈ $2.92. Find a 90% confidence interval for the average amount left by all groups..
1 answer:
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Answer: <em><u>C. the base period amount.</u></em>
<u><em>Explanation: </em></u>While implementing a horizontal analysis on a given income statement, we compute a percentage change in any individual item by dividing the dollar amount of change from base to current time period with <u><em>the base period amount.</em></u>
i.e. % Change in Individual item =
<u><em>Therefore, the correct option in this case is (c)</em></u>