Question
Javier states that he is 99% confident that the true population mean price per vial of insulin is between $37 and $64. What is Javier's
Javier states that he is 99% confident that the true population mean price per vial of insulin is between $37 and $64. What is Javier's point estimate? x-bar = $101 Standard deviation = $101 alpha = 0.01 Standard deviation of $27 Mu = $101 Level of significance = 99% x-bar = $37 Mu = 99% of $37 = $36.63 x-bar = $50.50 Mu = $37, $64
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
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