Question
Market research indicates that a new product has the potential to make the company an additional $1.6 million, with a standard deviation of $2.0 million.
Market research indicates that a new product has the potential to make the company an additional $1.6 million, with a standard deviation of $2.0 million. If this estimate was based on a sample of 8 customers, what would be the 95% confidence interval?
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Essential Calculus Early Transcendental Functions
Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards
1st Edition
618879188, 618879182, 978-0618879182
