Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Your analytics team provides you a confidence interval for customer spending of ($70,$146). They tell you the sample size was 191 customers. You later learn
Your analytics team provides you a confidence interval for customer spending of ($70,$146). They tell you the sample size was 191 customers. You later learn the sampling team made a typo while constructing their confidence interval and they really sampled 340 customers. What is the correct upper bound of the confidence interval using the corrected sample size? Please round your answer to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started