A marketing student is estimating the average amount of money that students at a large university spent on sporting events last year. He asks a random sample of 75 students at one of the university basketball games how much they spent on sporting events last year. Using this data he computes a 99% confidence interval, which turns out to be ($117, $477).
Are his conclusions valid or invalid? [ Select ] ["Invalid", "Valid"]
Why? [ Select ] ["Sample Size was random and large enough", "Sampling Plan is flawed"]