Suppose that Randy is an analyst for the bicyling industry and wants to estimate the asking price of used entry-level road bikes advertised online in the southeastern part of the United States. He obtains a random sample of n 12 online advertisements of entry-level road bikes. He determines that the mean price for these 12 bikes is x $672.46 and that the sample standard deviation is s = $201.42. He uses this information to construct a 95% confidence interval for u, the mean price of a used road bike. What is the lower limit of this confidence interval? Please give your answer to the ncarest cent. 2$ What is the upper limit of this confidence interval? Please give your answer to the nearest cent.

Suppose that Randy is an analyst for the bicyling industry and wants to estimate the asking price of used entry-level road bikes advertised online in the southeastern part of the United States. He obtains a random sample of n 12 online advertisements of entry-level road bikes. He determines that the mean price for these 12 bikes is x $672.46 and that the sample standard deviation is s = $201.42. He uses this information to construct a 95% confidence interval for u, the mean price of a used road bike. What is the lower limit of this confidence interval? Please give your answer to the ncarest cent. 2$ What is the upper limit of this confidence interval? Please give your answer to the nearest cent.

Name: Suppose that Randy is an analyst for the bicyling industry and wants
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Description: Suppose that Randy is an analyst for the bicyling industry and wants to estimate the asking price of used entry-level roadbikes advertised online in the southeastern part of the United States. He obtains a random sample of n = 12 onlineadvertisement

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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9.