A major department store chain is interested in estimating the mean amount its credit card customers spent
Question:
i) Determine the distribution to be used (z or t)
ii) Find degrees of freedom (n-1), confidence level (1-?), and critical value/2?t
iii) Construct the interval using the above formula
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Marketing Research An Applied Orientation
ISBN: 978-0136085430
6th edition
Authors: Naresh K Malhotra
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