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Author Question: Suppose the manager of a large appliance and electronics store wants to estimate the amount spent by ... (Read 156 times)

Marty

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on: Apr 14, 2020
Suppose the manager of a large appliance and electronics store wants to estimate the amount spent by customers during the holiday season. He took a random sample of customers and recorded the amount they spent. A histogram of the amount spent shows that the distribution of the sample is strongly left-skewed. The figures below show the confidence intervals for the mean amount spent using (A) raw (untransformed) data, and (B) log-transformed data, which showed a more normally distributed data set.



Calculate the width of both intervals and state which interval is narrower after converting the log-units back to the original units.
Introductory Statistics: Exploring the World Through Data ¦ Gould, Ryan ¦ 2nd Edition
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Marked as best answer by Marty on Apr 14, 2020

ms_sulzle

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Reply #1 on: Apr 14, 2020
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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Marty

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Reply 2 on: Apr 14, 2020
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
Wow, this really help

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