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l) A survey was conducted to determine the best fresh full cream milk brands. The following table shows the best brands and their respective prices
l) A survey was conducted to determine the best fresh full cream milk brands. The following table shows the best brands and their respective prices for a litre of milk. A consumer would like to know the true mean price of the milk for the following brands in the table below. [25 points] \" ALDIFan-mdale m - Woolworths \" a. What is the problem with using the normal (2) statistics to find a confidence interval for the target parameter (Price Population Mean p)? [5 points] b. Find the 95% confidence interval for the target parameter. [10 points] C. Give an interpretation of the interval in part b in the context of the application. [10 points]
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