For the 25 and over sample, purchase amounts average $ 146.30 with a standard deviation of $
Question:
a. Build and interpret the 95% confidence interval estimate appropriate here.
b. Suppose only 8 customers were included in each sample. Revise your interval and discuss the differences.
c. For part b, what population assumptions did you make?
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Population 1 All customers of the store under the age of 25 P...View the full answer
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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