You randomly select 20 cars of the same model that were sold at a car dealership and determine the number of days each car sat on the dealership’s lot before it was sold. The sample mean is 9.75 days, with a sample standard deviation of S=2.39 days. Construct a 99% confidence interval for the population mean number of days the car model sits on the dealership’s lot.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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You randomly select 20 cars of the same model that were sold at a car dealership and determine the number of days each car sat on the dealership’s lot before it was sold. The sample mean is 9.75 days, with a sample standard deviation of S=2.39 days.

Construct a 99% confidence interval for the population mean number of days the car model sits on the dealership’s lot.

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