In Exercise 37, does it seem likely that the population mean could be greater than $70? Explain.

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Exercise 37

From a random sample of 50 Nintendo Switch games, the mean price for a new game is $54.97. Assume the population has a standard deviation of $48.43.

you are given the sample mean and the population standard deviation. Use this information to construct 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.

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Elementary Statistics Picturing The World

ISBN: 9780137493302

8th Edition

Authors: Ron Larson

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Question Posted: Sep 19, 2024 05:01 PM

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In Exercise 37, does it seem likely that the population mean could be greater than $70? Explain.

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Elementary Statistics Picturing The World

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