Question
he daily cost of a midsize rental car at a certain airport is recorded from a random sample of 4 different car rental companies on
he daily cost of a midsize rental car at a certain airport is recorded from a random sample of 4 different car rental companies on 6 different days (for a total sample size of 24). The average daily rental cost is $35.70, with a standard deviation of $6.95.
Construct a 90% confidence interval for the mean daily rental rate for a midsize car. (4 marks)
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
