No SIMA berkeleycollege.instructure.comA researcher wishes toestimate the number of days ittakes an automobile dealer tosell a Ferrari 458. A randomsample of 50 cars had a meantime on the dealer's lot of 54days. Assume the populationstandard deviation to be 6.0days.1. Find the best point estimateof the population mean.DAYS.(Round answer to two decimalplaces)2. Find the margin of error forthe 95% confidence level.DAYS.(Round answer to two decimalplaces)

From the given information we find the point estimate and Margin of error.

Answered: est takes an automobile dealer to sell…

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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