If P(A) = .75, P(A B) = .86, and P(A B) = .56, then P(B) =
a. .25
b. .67
c. .56
d. .11
Question 2
A local electronics firm wants to determine their average daily sales (in dollars.) A sample of the sales for 36 days revealed an average sales of 139,000 . Assume that the standard deviation of the population is known to be 12,000.
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.