Confidence interval to estimate the true cost


Question: A survey of 144 retail stores revealed that the average price of a DVD was $375 with a standard error of $20. What is the 99% confidence interval to estimate the true cost of the DVD?

A) $323.40 to $426.60

B) $328.40 to $421.60

C) $335.00 to $415.00

D) $335.80 to $414.20

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Accounting Basics: Confidence interval to estimate the true cost
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