Estimate mu and place a bound on error of estimation


Suppose that a random sample on n = 200 accounts is selected from the total of N = 1000. The sample mean of the accounts is found to be y-bar = $94.22, and the sample variance is equal to $455.21. Estimate mu and place a bound on the error of estimation.

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Basic Statistics: Estimate mu and place a bound on error of estimation
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