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Restaurant Patrons Dine-in restaurants are suffering with low patronage during the Covid-19 pandemic

Economics Dec 12, 2020

Restaurant Patrons Dine-in restaurants are suffering with low patronage during the Covid-19 pandemic. During the last week, a particular restaurant served only 40,30, 28, 22, 36,21 and 47 patrons. Assume this follows a normal distribution 0.1 points What statistical distribution applies? O Z table T-table 53 0.1 points What is the daily average number of restaurant patrons ? (Dont overthink this) Type your answer. 54 02 points What is the standard deviation of this week's sample of restaurant patrons? (show 3 dp) Type your answer 55 0:3 points With 95% confidence, what is the minimum number of patrons the restaurant can expect on any night? (Round down) Type your answer 56 0.3 points With 95% confidence, what is the maximum number of patrons the restaurant can expect on any night? (Roundup) Type your answer Submit

Expert Solution

Please refer to the table below:

  x (x-x?) (x-x?)2
  40 8 64
  30 -2 4
  28 -4 16
  22 -10 100
  36 4 16
  21 -11 121
  47 15 225
Sum 224 0 546
       
x? 32    
s 9.539    

(52) sample size = n = 7

Since the sample size is less than 30 (n < 30), we will use t distribution.

T table

(53) The daily average number of restaurant patrons is:

x? = Σ x/n

x? = 32

(54) The standard deviation is:

s = [ Σ (x-x?)2/(n-1) ]0.5

s = 9.539

The 95% confidence interval is given by:

C.I. = x? ± (t0.025,7-1 * s/n0.5)

= 32 ± (2.447 * 9.539/70.5)

= 32 ± 8.8224

= (23.1776, 40.8224)

(55) The minimum number of patrons the restaurant can expect on any night is 23.

(56) The maximum number of patrons the restaurant can expect on any night is 41.

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