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Give a point estimate for the mean amount per customer

A random sample of 25 customers at the checkout in a small local supermarket revealed that they had spent the following amounts in the supermarket ($):

25 45505963538054 1218272930
65501572437160355549 15 54

(a) Give a point estimate for the mean amount per customer spent at the supermarket.

(b) Give a 99% confidence interval estimate for the mean amount per customer spent at the supermarket.

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Basic Statistics: Give a point estimate for the mean amount per customer

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Give a point estimate for the mean amount per customer

Reference No:- TGS0584658

Have a Question? (oR Write a Review)

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Prepared by a verified Expert

Basic Statistics: Give a point estimate for the mean amount per customer

Reference No:- TGS0584658

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