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Construct confidence interval for estimate population mean

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Reference no: EM131554186

Question: Suppose that you wish to estimate the mean sales amount per retail outlet for a particularconsumer product during the past year. The number of retail outlets is large. the number of retail outlets is large and sales amounts are assumed to be normally distributed. for a random sample n =25, the sample mean = $1000 and sample standard deviation s= $200 construct a 95% confidence interval for estimating population mean.

Reference no: EM131554186

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