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Author Question: A small stock brokerage firm wants to determine the average daily sales (in dollars) of stocks to ... (Read 109 times)

jmoore1989

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on: Mar 25, 2023

Question 1

A simple random sample of 36 items resulted in a sample mean of 40 and a standard deviation of 12. Construct a 95% confidence interval for the population mean.



Question 2

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.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by jmoore1989 on Mar 25, 2023

viper01

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jmoore1989

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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