Construct confidence interval estimate of mean retail value


A stationery store wants to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.58 with a standard deviation of $0.49 per customer per visit. Assuming a normal distribution, construct a 95% confidence interval estimate of the mean retail value of greeting cards purchased by its customers.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Construct confidence interval estimate of mean retail value
Reference No:- TGS0105614

Expected delivery within 24 Hours