Finding the interval estimates for true sales
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In the second 14 weeks of the Books R Use data, the mean total sales were $19,543. The standard deviation was $11,502. At the .05 level of significance, what was the confidence interval? Did the value $16,400 fall inside our outside the confidence interval?
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Solution Summary
The solution determines the interval estimate for the true sales.
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Please refer attached file for missing expressions.
Sample mean= $19543
Standard deviation=s=$11502
Sample size=n=14
Degrees of freedom=n-1=14-1=13
Since ...
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- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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