the mean amount spent ($) on a certain retail website by members of the website's premium program. A random sample of 93 members of the website's premium program who recently made a purchase on the website yielded a mean of $1500 and a standard deviation of $300. a. Construct a 95% confidence interval estimate for the mean spending for all shoppers who are members of the website's premium program. _____≤μ≤______ (Round to two decimal places
the mean amount spent ($) on a certain retail website by members of the website's premium program. A random sample of 93 members of the website's premium program who recently made a purchase on the website yielded a mean of $1500 and a standard deviation of $300. a. Construct a 95% confidence interval estimate for the mean spending for all shoppers who are members of the website's premium program. _____≤μ≤______ (Round to two decimal places
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A marketing researcher wants to estimate the mean amount spent ($) on a certain retail website by members of the website's premium program. A random sample of
93
members of the website's premium program who recently made a purchase on the website yielded a mean of
$1500
and a standard deviation of
$300.
a. Construct a
interval estimate for the mean spending for all shoppers who are members of the website's premium program.
95%
confidence _____≤μ≤______
(Round to two decimal places as needed.)
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