Following up on the previous problem, SoftBus believes its profit from each prospective customer depends on the
Question:
a. What values of P1, P2, and P3 seem reasonable? For example, would you expect P1 < P2 < P3 or the opposite?
b. Using any reasonable values for P1, P2, and P3, find a 95% confidence interval for the mean profit per customer that SoftBus can expect to obtain.
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Related Book For
Data Analysis And Decision Making
ISBN: 415
4th Edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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