Confidence intervals for the mean value of all invoices


Hamil Sopa took a random sample of 60 invoices from his year's records. The mean value of invoices in this sample was £125.50 and the standard deviation was £10.20. What are the 90% and 95% confidence intervals for the mean value of all invoices?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Confidence intervals for the mean value of all invoices
Reference No:- TGS0689284

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)