MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Neiman Marcus, a high end retailer, is interested in an opening a shop in Little Rock. Before they open the shop they are interested in finding out the average income in Little Rock. You are assigned this project and you sample 100 households in Little Rock and you discover that their average income is $50,000 with a sample standard deviation of $2,000. Neiman Marcus wants you to construct an 80%,95%, and a 99% Confidence Interval for income in Little Rock.

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