Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a...

3. Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a similar outlet and observed the following results: X = 715 (mean daily sales) S = 114 (standard deviation of sample) n = 36 (sample size) The restaurant manager wants to know into what range the mean daily sales should fall 95 percent of the time. Perform this calculation (2 pts).