MATLAB: An Introduction with Applications
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ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Suppose that Randy is an analyst for the bicyling industry and wants to estimate the asking price of used entry-level road bikes advertised online in the southeastern part of the United States. He obtains a random sample of ?=10n=10 online advertisements of entry-level road bikes. He determines that the
a) What is the lower limit of this confidence interval? Please give your answer to the nearest cent.
b) What is the upper limit of this confidence interval? Please give your answer to the nearest cent.
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