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Data contains on several variables for a sample of 1436 second-hand Toyota Corolla cars in Holland. In particular, the data in the third column, titled

Data contains on several variables for a sample of 1436 second-hand Toyota Corolla cars in Holland. In particular, the data in the third column, titled PRICE, shows the quoted price for these cars.

Below is a 95% CI Compute for the population average price of second-hand Toyota Corolla cars in Holland. Show what formula, if any, you used to arrive at this interval.

Mean

10730.82451

Standard Error

95.71193469

Median

9900

Mode

8950

Standard Deviation

3626.964585

Sample Variance

13,154,872.10

Kurtosis

3.73778119

Skewness

1.70388498

Range

28150

Minimum

4350

Maximum

32500

-What is the population of interest in the problem? (Answer in a sentence or two)

-What is the variable of interest in this problem? (Answer in a sentence or two)

-Which is the fundamental result upon which the formula for the calculation of the CI in (a) above depends?

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