Value for the point estimate, Basic Statistics

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Value for the point estimate

Mathew R. is conducting a study on the dollar value of orders placed with various suppliers. A sample of 10 orders showed amounts in thousands of dollars iof 43.6, 61.3, 54, 70.7, 46, 56.3, 58.8, 73.7, 47.4 and 45.6. Larry wishes to develop a 99% confidence interval on the average dollar value of orders.

State the value for the point estimate (1)

Develop the confidence interval (2)

Find the appropriate standard error (3)

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Basic Statistics: Value for the point estimate

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Basic Statistics: Value for the point estimate

Reference No:- TGS0725824

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Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: Value for the point estimate

Reference No:- TGS0725824

Recent Questions Asked Basic Statistics

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