Franchise: Candy Store Do you want to own your own candy
Chapter , Problem 14(choose chapter or problem)
Franchise: Candy Store Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below (Source: Entrepreneur Magazine, Vol. 23, No. 10). 95 173 129 95 75 94 116 100 85 Use a calculator with mean and sample standard deviation keys to verify that thousand dollars and s 29.4 thousand dollars. Find a 90% confidence interval for the population average startup costs m for candy store franchises.
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