Essay
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 an 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 true average daily sales.
b.
Provide a 97% confidence interval estimate for the true average daily sales.
Correct Answer:
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a.
$194,...View Answer
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Correct Answer:
Verified
a.
$194,...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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