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January 25, 2015

January 25, 2015

Posted by **Melvin** on Monday, October 31, 2011 at 1:55pm.

You are asked to determine the typical number of sales of a certain product at the store you work for. A sample of 50 days over the last quarter shows an average of 55 units sold per day with a standard deviation of 10 units.

a. Construct a 95 percent confidence interval around the mean.

b. Construct a 99 percent confidence interval around the mean.

c. Show the two limits on a graph of some sort

d. Interpret your results

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