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Question 1. A company is interested in estimating the cost of lunch in their cafeteria. After randomly sampling employees, the staff calculated that a 95% confidence interval for the mean amount of money spent for lunch over a period of 6 months is $780 < µ < $920. Now the company is writing its summary report and is considering the following interpretations. Comment on whether the following conclusions are appropriate or not.
a. 95% of all employees pay between $780 and $920 for lunch.
b. 95% of the sampled employees paid between $780 and $920 for lunch.
c. We are 95% confident that employees in this sample averaged between $720 and $980 for lunch.
d. 95% of all samples of employees will have average lunch costs between $780 and $920.
e. We are 95% confident that the average amount all employees pay for lunch is between $720 and $920.
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