Question: The weekly flier from a large box store always features many items having a mail-in rebate. A random sample of 50 submissions produced the summary
The weekly flier from a large box store always features many items having a mail-in rebate. A random sample of 50 submissions produced the summary statistics X̅ = 43 and s = 7. 7 days for the time interval between submission and receipt of the rebate check. Construct a point estimate of the population mean time to process, μ, and give its 90% error margin.
Step by Step Solution
3.32 Rating (149 Votes )
There are 3 Steps involved in it
The sample mean X is our estimator for the ... View full answer
Get step-by-step solutions from verified subject matter experts
