Determine margin of error, Basic Statistics

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Determine margin of error

In addition to knowing how many customers will enter your restaurant you will also like to start developing a 99% Ci for daily revenue. Your sample size is 50 you sample mean is $4500 and you sample standard deviation is $150. You do not have enough information to find a population standard deviation

What is your margin of error

What is the CI based on your margin of error

Suppose you wanted to develop a 95% Ci repeat parts a and b for a 95% Ci.

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Basic Statistics: Determine margin of error

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Basic Statistics: Determine margin of error

Reference No:- TGS0719060

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Recent Questions Asked Basic Statistics

Q : Problem based on conservation of energy

Q : Find the probability that the number

Q : What is the angle the projectile makes with the ground

Q : Determine geometric distribution or poisson distribution

Q : Determine margin of error

Q : Determine the air pressure inside the chamber

Q : Critical value approach and the p-value approach

Q : Problem based on isotopes of uranium

Q : Calculate the potential energy of the system of charges

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Determine margin of error

Reference No:- TGS0719060

Recent Questions Asked Basic Statistics

Q : Problem based on conservation of energy

Q : Find the probability that the number

Q : What is the angle the projectile makes with the ground

Q : Determine geometric distribution or poisson distribution

Q : Determine margin of error

Q : Determine the air pressure inside the chamber

Q : Critical value approach and the p-value approach

Q : Problem based on isotopes of uranium

Q : Calculate the potential energy of the system of charges

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