The recommended retail price of a brand of designer jeans is $141 with a sample standard...

The recommended retail price of a brand of designer jeans is $141 with a sample standard deviation of $4. This is a ‘random’ sample and the prices can be assumed to be normally distributed.

Construct a 95% confidence interval for the average sale price (give the range in values).

Construct a 99% confidence interval for the average sale price (give the range in values).

Expert Solution

thank you.

orchestra answered 2 years ago

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