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Confidence interval for the population mean

A pharmaceutical company wanted to estimate the population mean of monthly sales for their 250 sales people. Forty sales people were randomly selected. Their mean monthly sales were $10,000 with a standard deviation of $1000. Construct a 95% confidence interval for the population mean.

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Basic Statistics: Confidence interval for the population mean

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Confidence interval for the population mean

Reference No:- TGS0683241

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : List the sample points in the event a face card

Q : Diastolic blood pressures

Q : What factors should geoff consider in deciding

Q : Find the probability of participation in sports activities

Q : Confidence interval for the population mean

Q : Calculate helenes basis in the land

Q : Peaceful corporation manufactures figurines

Q : What constitutes the components of a standard cost

Q : Discuss the cost per equivalent unit for conversion

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Confidence interval for the population mean

Reference No:- TGS0683241

Recent Questions Asked Basic Statistics

Q : List the sample points in the event a face card

Q : Diastolic blood pressures

Q : What factors should geoff consider in deciding

Q : Find the probability of participation in sports activities

Q : Confidence interval for the population mean

Q : Calculate helenes basis in the land

Q : Peaceful corporation manufactures figurines

Q : What constitutes the components of a standard cost

Q : Discuss the cost per equivalent unit for conversion

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