Confidence interval estimate for the average daily sale, Basic Statistics

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Confidence interval estimate for the average daily sale

A small stock brokerage firm wants to determine the average daily sales (in dollars) of stocks to their clients.A sample of the sales for 36 days revealed average daily sales of $200,000. Assume that the standard deviation of the population is known to be $18,000.

a. Provide a 95% confidence interval estimate for the average daily sale.

b. Provide a 97% confidence interval estimate for the average daily sale.

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Basic Statistics: Confidence interval estimate for the average daily sale

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Basic Statistics: Confidence interval estimate for the average daily sale

Reference No:- TGS0738992

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Recent Questions Asked Basic Statistics

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Basic Statistics: Confidence interval estimate for the average daily sale

Reference No:- TGS0738992

Recent Questions Asked Basic Statistics

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