Harold Nelson recently changed the price of a cup of latte. He would like to understand the latte sales better after the price change. Firstly, he decided to find out the confidence interval for daily latte sales after the price change. Using a t-distribution, calculate the 95% confidence interval for the true mean of daily latte sales using the data sample collected in Table 2. Table 2. Latte sales per day Date Latte sales (in cups) Day 1 106 Day 2 119 Day 3 110 Day 4 130 Day 5 122 Day 6 105 Day 7 Day & 102 Day 111 What is the lower limit of this 95% confidence interval? Round to the nearest integer
Harold Nelson recently changed the price of a cup of latte. He would like to understand the latte sales better after the price change. Firstly, he decided to find out the confidence interval for daily latte sales after the price change. Using a t-distribution, calculate the 95% confidence interval for the true mean of daily latte sales using the data sample collected in Table 2. Table 2. Latte sales per day Date Latte sales (in cups) Day 1 106 Day 2 119 Day 3 110 Day 4 130 Day 5 122 Day 6 105 Day 7 Day & 102 Day 111 What is the lower limit of this 95% confidence interval? Round to the nearest integer
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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