A publishing company has just published a new college textbook. Before the company decides the price at which to sell this textbook, it wants to know the mean price of similar textbooks on the market. The research department at the company took a random sample of 22 comparable textbooks, this sample showed a mean price of $123.75. It is known that the standard deviation of the prices of all such textbooks is $11.50 and comes from a normally distributed population. Construct a 90% confidence interval for the mean price of similar college textbooks. (118.94, 128.56) O(123.2, 124.3) O(119.72, 127.78) (118.65, 128.85)
A publishing company has just published a new college textbook. Before the company decides the price at which to sell this textbook, it wants to know the mean price of similar textbooks on the market. The research department at the company took a random sample of 22 comparable textbooks, this sample showed a mean price of $123.75. It is known that the standard deviation of the prices of all such textbooks is $11.50 and comes from a normally distributed population. Construct a 90% confidence interval for the mean price of similar college textbooks. (118.94, 128.56) O(123.2, 124.3) O(119.72, 127.78) (118.65, 128.85)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A publishing company has just published a new college textbook. Before the company decides the price at which
to sell this textbook, it wants to know the mean price of similar textbooks on the market. The research
department at the company took a random sample of 22 comparable textbooks, this sample showed a mean
price of $123.75. It is known that the standard deviation of the prices of all such textbooks is $11.50 and comes
from a normally distributed population. Construct a 90% confidence interval for the mean price of similar college
textbooks.
O(118.94, 128.56)
O(123.2, 124.3)
O(119.72, 127.78)
O(118.65, 128.85)
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