The file DarkChocolate contains the cost per ounce ($) for a sample of 14 dark chocolate bars:
Question:
a. Construct a 95% confidence interval estimate for the population cost per ounce ($) of dark chocolate bars.
b. What assumption do you need to make about the population distribution to construct the interval in (a)?
c. Given the data presented, do you think the assumption needed in (a) is valid? Explain.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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