Confidence Interval
1. **State the problem:** We want to find the 95% confidence interval for the average daily sales of a café based on a sample of 20 days, where the sample mean is $4800$ and the sample standard deviation is $400$.
2. **Identify the known values:**
- Sample mean $\bar{x} = 4800$
- Sample standard deviation $s = 400$
- Sample size $n = 20$
- Confidence level = 95%
3. **Determine the appropriate distribution:**
Since the sample size is less than 30 and population standard deviation is unknown, we use the $t$-distribution.
4. **Find the critical $t$ value:**
Degrees of freedom $df = n - 1 = 19$.
Using a $t$-table or calculator for 95% confidence, two-tailed, $t_{0.025,19} \approx 2.093$.
5. **Calculate the margin of error (ME):**
$$ ME = t \times \frac{s}{\sqrt{n}} = 2.093 \times \frac{400}{\sqrt{20}} $$
Calculate $\sqrt{20} \approx 4.472$:
$$ ME = 2.093 \times \frac{400}{4.472} = 2.093 \times 89.44 \approx 187.11 $$
6. **Determine the confidence interval:**
$$ \text{Lower bound} = 4800 - 187.11 = 4612.89 $$
$$ \text{Upper bound} = 4800 + 187.11 = 4987.11 $$
7. **Interpretation:**
We are 95% confident that the true mean daily sales lie between $4612.89$ and $4987.11$.
**Final answer:** The 95% confidence interval is $$\left(4612.89, 4987.11\right)$$.