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Can you help me with this please and giving explanation? Thank you. Please see numbers required attached at the bottom of the question. You are
Can you help me with this please and giving explanation?
Thank you.
Please see numbers required attached at the bottom of the question.
- You are interested in purchasing a new car. One of the many points you wish to consider is the resale value of the car after 5 years. Since you are particularly interested in a certain foreign sedan, you decide to estimate the average resale value of this car with a 90% confidence interval. You manage to obtain data on 19 recently resold 5-year old foreign sedans of the same model. The sold price for these 19 cars is stored in price.csv datafile. These csv numbers are attached below.
- UseRor otherwise to indicate which one of the following best describes a 90% confidence interval for the value of the population mean, , the true mean resale price of 5-year old foreign sedan cars.
- a. (12336.22, 12809.25)
- b. (12290.91, 12854.56)
- c. (12270.65, 12874.83)
- d. (12158.85, 12986.63)
- e. (12323.4, 12822.08)
12408, 13023, 11726, 12473, 12769, 12701, 12746, 13278, 12714, 11543, 13314, 13762, 12024, 12085, 13034, 11711, 12505, 11831, 13235
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