Explore BrainMass
Share

Estimation

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

"Hockey-r-us," a store specializing in sales of hockey equipment, wants to find out the average age of all its customers. A random sample of 25 customers reveals an average age of 38 years with a standard deviation of six years. It determines a 95% confidence interval of the average age of all customers.

© BrainMass Inc. brainmass.com September 24, 2018, 11:23 am ad1c9bdddf - https://brainmass.com/statistics/statistical-theory/estimation-14487

Solution Preview

Step 1. In order to answer this problem you will first have to calculate the standard error the mean, knowing that N (the number of subjects)= 25, the mean=38, and the σ (standard deviation) = 6.
<br>
<br>The formula for the ...

Solution Summary

An Estimation scenario is solved.

$2.19