Market researches want to estimate the mean monthly expenditure on transport for households in Sydney. Randomly selected 40 households . The population standard deviation is 250. Sample mean is $350....


Market researches want to estimate the mean monthly expenditure on transport for households in Sydney. Randomly selected 40 households . The population standard deviation is 250. Sample mean is $350.


a) Calculate the lower limit and upper limit of 95% confidence interval?


b) If sample size is 10, can you still calculate the confidence interval with t or Z distribution? Reason



Jun 02, 2022
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