Estimates of the mean number of sales


The manufacturer of MP3 player wanted to know whether 10 percent reduction in price is enough to raise the sales of the product. To investigate, the owner randomly chosen eight outlets and sold the MP3 player at reduced price. At seven randomly chosen outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at sampled outlets.

Regular Price Reduced Price

138 128

121 134

88 152

115 135

141 114

125 106

96 112

- 120

Develop separate 99% confidence interval estimates of the mean number of sales at regular price and at the reduced price.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Estimates of the mean number of sales
Reference No:- TGS0856085

Expected delivery within 24 Hours