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4. A researcher wishes to estimate the number of days it takes an automobile dealer to sell a specific car model. A sample of
4. A researcher wishes to estimate the number of days it takes an automobile dealer to sell a specific car model. A sample of 50 cars had a mean time on the dealer's lot of 54 days. Assume the population standard deviation to be 6.0 days. Find the best point estimate of the population mean and the 95% confidence interval of the population mean.
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
