November 29, 2015

Homework Help: Statistics

Posted by Joey on Sunday, October 27, 2013 at 11:31pm.

A local grocery store wants to estimate the mean daily number of gallons of
milk sold to customers. Assume the number of gallons sold follows the normal
distribution, with a population standard deviation of 5.10 gallons. A random
sample of 60 days shows that the mean daily number of gallons sold is 10.00.
1) What is the point estimate of the population mean?
2) Compute a 99% confidence interval for the population mean.

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