When the assumption of equally likely outcomes is used to assign ...

[tiffannnnyyyyyy]

When the assumption of equally likely outcomes is used to assign probability values, the method used to assign probabilities is referred to as the _____.
 a. relative frequency method
  b. subjective method
  c. probability method
  d. classical method

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 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.

[Danny Ewald]

Answer to Question 1

d

Answer to Question 2

a. 194,120 to 205,880
b. 193,490 to 206,510

[tiffannnnyyyyyy]

Excellent

[adammoses97]

Gracias!