Confidence interval for the mean price


A random sample of 47 textbooks in college bookstore showed mean price of $161.78. Suppose that the price of textbooks in bookstore follows a normal distribution. If the population standard deviation is $22.98, compute the 99% Confidence Interval for the mean price of textbooks in the bookstore.

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Basic Statistics: Confidence interval for the mean price
Reference No:- TGS0857619

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