Confidence interval for the mean sales per customer

Assignment Help Basic Statistics
Reference no: EM132372815

A clothing store manager takes a random sample of 40 sales for the day. From this sample the manager calculated that the mean sale amount per customer was $88 with a standard deviation of $12. Assume that sales per customer is approximately normally distributed. Construct a 99% confidence interval for the mean sales per customer.

Reference no: EM132372815

Questions Cloud

What values may this random variable assume : In January the U.S. unemployment rate dropped to 8.3% (U.S. Department of Labor web- site, february 10, 2012).
What is the probability of incorrectly labeling a crab : A scientist studying crabs has 5 different species (labeled 1 through 5), with the following probabilities of finding them in a cave:
What is the independent variable in study : What is the independent variable in this study? is this variable nominal, ordinal, or scale? What is the null hypothesis for this study?
Binary logistic regression in spss : Why did the authors select binary logistic regression in the research - How has your statistical significance and odds ratio changed by the introduction
Confidence interval for the mean sales per customer : Construct a 99% confidence interval for the mean sales per customer.
Discuss potential liability under the tort of negligence : Western Sydney University-Enterprise Law-700254-Australia- Advise the various parties in this question as to their potential liability under the Tort.
Type of histogram for the probability distribution : There are 6 radar stations and the probability of a single radar station detecting an enemy plane is 0.40. Identify the type of histogram for the probability
How many possible different winning powerball tickets : How many possible different Powerball tickets can be purchased? How many possible different winning Powerball tickets are there?
How do you solve this since there are so many different : my question: how do you solve this since there are so many different decimals and numbers.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd