Estimate the average selling price, Basic Statistics

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Estimate the average selling price

The average selling price of BlackBerry smart phones purchased by a random sample of 35 customers in 2010 was $311. Assume the population standard deviation was $35.

a) Construct a 90% confidence interval to estimate the average selling price in the population with this sample.

b) What is the margin of error for this interval?

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Basic Statistics: Estimate the average selling price

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Basic Statistics: Estimate the average selling price

Reference No:- TGS0722927

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: Estimate the average selling price

Reference No:- TGS0722927

Recent Questions Asked Basic Statistics

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