A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
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