est takes an automobile dealer to sell a Ferrari 458. A random sample of 50 cars had a mean time on the dealer's lot of 54 days. Assume the population standard deviation to be 6.O days. 1. Find the best point estimate of the population mean. DAYS. (Round answer to two decimal places) 2. Find the margin of error for the 95% confidence level. DAYS. (Round answer to two decimal places)
est takes an automobile dealer to sell a Ferrari 458. A random sample of 50 cars had a mean time on the dealer's lot of 54 days. Assume the population standard deviation to be 6.O days. 1. Find the best point estimate of the population mean. DAYS. (Round answer to two decimal places) 2. Find the margin of error for the 95% confidence level. DAYS. (Round answer to two decimal places)
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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