Question

In: Statistics and Probability

You randomly select 36 cars of the same model that were sold at a car dealership...

You randomly select 36 cars of the same model that were sold at a car dealership and determine the number of days each car sat on the dealership’s lot before it was sold. The sample mean is 9.75 days, with a sample standard deviation of 2.39 days. Construct a 99% confidence interval for the population mean number of days the car model sits on the dealership’s lot

Solutions

Expert Solution

Given that

sample n =36

sample mean is 9.75

sample standard deviation of 2.39

99% confidence interval


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