Short Answer
A small stock brokerage firm wants to determine the average daily sales (in dollars) of stocks to their clients. A sample of the sales for 36 days revealed average daily sales of $200,000. Assume that the standard deviation of the population is known to be $18,000.
a.Provide a 95% confidence interval estimate for the average daily sale.
b.Provide a 97% confidence interval estimate for the average daily sale.
Correct Answer:
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a.194,120 ...View Answer
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Correct Answer:
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