Question
Use the data set below. Develop a point estimate of the mean used car prices. What is the mean of the sample? The answer is
Use the data set below. Develop a point estimate of the mean used car prices.
What is the mean of the sample? The answer is ___. (Make sure no decimal place with a comma. For example: 9,456)
What is the range of the sample? The answer is ____. (Make sure no decimal place with a comma. For example: 9,456)
What is the standard error of the sample? The answer is ____. (Make sure two decimal places.)
What is the upper limit of the point estimate at 95%? The answer is ____. (Make sure two decimal place with a comma. For example: 12,345.67)
What is the lower limit of the pointe estimate at 95%? The answer is ____. (Make sure two decimal place with a comma. For example: 12,345.67)
| Sale Price |
| 12400 |
| 10400 |
| 12100 |
| 10000 |
| 11000 |
| 8895 |
| 7675 |
| 9975 |
| 6350 |
| 10470 |
| 9895 |
| 11250 |
| 8795 |
| 12500 |
| 9340 |
| 10150 |
| 9200 |
| 9395 |
| 11000 |
| 10640 |
| 10000 |
| 7500 |
| 8000 |
| 10440 |
| 10200 |
| 10300 |
| 9740 |
| 9280 |
| 10930 |
| 8000 |
| 9000 |
| 7680 |
| 9400 |
| 10730 |
| 7350 |
| 12240 |
| 11970 |
| 8240 |
| 9910 |
| 10080 |
| 9440 |
| 8970 |
| 9500 |
| 10050 |
| 10130 |
| 11400 |
| 8500 |
| 7500 |
| 9090 |
| 10500 |
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
