Question
A sample survey of 64 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.77.
A sample survey of 64 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.77. The survey is conducted annually, with the historical data available; assume a known population standard deviation of $15.
- Develop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share.
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
