2. For the following scenarios, identify whether you should use z or t in a confidence interval calcu- lation. (You don't have to do anything else.) (Scenario 1) Minnie owns a boutique that sells...


2. For the following scenarios, identify whether you should use z or t in a confidence interval calcu-<br>lation. (You don't have to do anything else.)<br>(Scenario 1) Minnie owns a boutique that sells hair-bows and bow-ties. On a normal day, Minnie makes<br>many sales. The average selling price is approximately normally distributed with a standard<br>deviation of $0.72. Minnie is interested in the average selling price of products sold on one<br>day. A sample of 36 sales were investigated from that day, and it was found that the<br>selling price was $4.78. A 93% confidence interval was created.<br>average<br>

Extracted text: 2. For the following scenarios, identify whether you should use z or t in a confidence interval calcu- lation. (You don't have to do anything else.) (Scenario 1) Minnie owns a boutique that sells hair-bows and bow-ties. On a normal day, Minnie makes many sales. The average selling price is approximately normally distributed with a standard deviation of $0.72. Minnie is interested in the average selling price of products sold on one day. A sample of 36 sales were investigated from that day, and it was found that the selling price was $4.78. A 93% confidence interval was created. average

Jun 10, 2022
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