Confidence interval for the population mean


A random sample of 36 radio stations is selected in order to estimate the avaerage charge for the same fixed-length spot announcement. The sample mean and standard deviation are $20.00 and $8, respectively. Assume that the charges made by all radio stations of the type sampled are approximately normally distributed. Construct the 95% confidence interval for the population mean.

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Basic Statistics: Confidence interval for the population mean
Reference No:- TGS0750917

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