Q4) A marketing study found that the mean spending in consumer items for 297 respondents was...
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Q4) A marketing study found that the mean spending in consumer items for 297 respondents was $91.86 with a population standard deviation of $50.9. Develop 95% and 99% confidence intervals for the mean spending amounts this group. What conclusion can you draw? Use the formula in Ch 6 for Confidence Interval when population standard deviation is known. Q4) A marketing study found that the mean spending in consumer items for 297 respondents was $91.86 with a population standard deviation of $50.9. Develop 95% and 99% confidence intervals for the mean spending amounts this group. What conclusion can you draw? Use the formula in Ch 6 for Confidence Interval when population standard deviation is known.
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Answer rating: 100% (QA)
Sample size n297 Mean spending 9186 Standard deviation 509 Confidence interval CI cizn For 95 z 19... View the full answer
Related Book For
Statistics Data Analysis and Decision Modeling
ISBN: 978-0132744287
5th edition
Authors: James R. Evans
Posted Date:
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