Suppose the prices for the iphone 12 are normally distributed with an unknown population mean and a population standard deviation of 75$. A random sample of 50 stores is taken and gives a sample mean...


Suppose the prices for the iphone 12 are normally distributed with an unknown population mean and a population standard deviation of 75$. A random sample of 50 stores is taken and gives a sample mean price of $850. What are the lower and upper bounds for a 83% confidence interval of the population mean price?



Jun 07, 2022
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