What is the confidence interval estimate of the problem?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A flower shop owner wants to estimate the average retail value of the best-selling flower in his inventory. A random sample of 10 flowers indicates an average value of 15 pesos and a standard deviation of 3.5 pesos. What are the point estimate and the 99% confidence interval in the average value of the flower?
What is the confidence
a.
(11.40 , 18.60)
b.
(7.29 , 12.71)
c.
(11.68 , 18.32)
d.
(7.06 , 12.94)
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