Question: Use the data set below. Develop a point estimate of the mean used car prices. What is the mean of the sample? The answer is

Use the data set below. Develop a point estimate of the mean used car prices.

What is the mean of the sample? The answer is ___. (Make sure no decimal place with a comma. For example: 9,456)

What is the range of the sample? The answer is ____. (Make sure no decimal place with a comma. For example: 9,456)

What is the standard error of the sample? The answer is ____. (Make sure two decimal places.)

What is the upper limit of the point estimate at 95%? The answer is ____. (Make sure two decimal place with a comma. For example: 12,345.67)

What is the lower limit of the pointe estimate at 95%? The answer is ____. (Make sure two decimal place with a comma. For example: 12,345.67)

Sale Price
12400
10400
12100
10000
11000
8895
7675
9975
6350
10470
9895
11250
8795
12500
9340
10150
9200
9395
11000
10640
10000
7500
8000
10440
10200
10300
9740
9280
10930
8000
9000
7680
9400
10730
7350
12240
11970
8240
9910
10080
9440
8970
9500
10050
10130
11400
8500
7500
9090
10500

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