A sample survey of 54 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.86. The survey is conductedannually. With the historical data available, assume a known population standard deviation of $14.a. Using the sample data, what is the margin of error associated with a 95% confidence interval (to 2 decimals)?$b. Develop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share (to 2 decimals).($$

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Description: A sample survey of 54 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.86. The survey is conductedannually. With the historical data available, assume a known population standard deviation of $14

At 95% confidence level, the z value is 1.96 which can be obtained by using the standard normal…

Math

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mple survey of 54 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.86. The survey is condu ally. With the historical data available, assume a known population standard deviation of $14. sing the sample data, what is the margin of error associated with a 95% confidence interval (to 2 decimals)? evelop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share (to 2 decimals).

mple survey of 54 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.86. The survey is condu ally. With the historical data available, assume a known population standard deviation of $14. sing the sample data, what is the margin of error associated with a 95% confidence interval (to 2 decimals)? evelop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share (to 2 decimals).

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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