Consider the Central Limit Theorem (CLT). Fill in the appropriate variable 1. Standard Error SEMXEA 2. Standard deviation of the x -1R;MX distribution 3. Mean of the x distribution 火二 4. sample size n-5 5. Using the CLT to convert the x distribution to the standard normal distribution µ is equal to 6. Considering the CLT, the standard z-distribution formula: Z=X-K 7) Basic calculations based on the Central Limit theorem: Determine the appropriat given the population mean is 1020, o is 153, and with a

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A: Given

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A: 23.(i)

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A: Here, I have taken marked price as $100.

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.