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You have completed 1000 simulation trials, and determined that the average profit per unit was $6.83 with a sample standard deviation of $1.94. What is the lower limit for a 90% confidence Interval for the average profit per unit? (Round your answer to two decimal places.) $

You have completed 1000 simulation trials, and determined that the average profit per unit was $6.83 with a sample standard deviation of $1.94. What is the lower limit for a 90% confidence Interval for the average profit per unit? (Round your answer to two decimal places.) $

MATLAB: An Introduction with Applications
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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You have completed 1000 simulation trials and determined that the average profit per unit was $6.83 with a sample standard deviation of $1.94. What is the lower limit for a 90% confidence interval for the average profit per unit? (Round your answer to two decimal places.) $ _______
Transcribed Image Text:You have completed 1000 simulation trials and determined that the average profit per unit was $6.83 with a sample standard deviation of $1.94. What is the lower limit for a 90% confidence interval for the average profit per unit? (Round your answer to two decimal places.) $ _______
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