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April 18, 2014

Homework Help: BUSSINESS STATISTICS

Posted by JULIET on Sunday, May 6, 2012 at 5:40pm.

Consider the average available for all hotel rooms from the previous assignment. Identify the point estimate of the average number of available hotel rooms in this lesson from each sample. Construct and Interpret a 95% confidence level for the true mean number of available hotel rooms, based on the point estimate of each sample. Describe how the confidence intervals will change depending on whether the population standard deviation is known or unknown.

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