At your part-time job in the office, your manager requested that you examine all accounts receivable of the company, and
Posted: Tue Apr 26, 2022 6:21 pm
At your part-time job in the office, your manager requested that
you examine all accounts receivable of the company, and then to
take a random sample of them to provide her with estimates of the
population values useful for decision making. You considered a
random sample of 48 of the accounts and obtained a mean of $138.55
and a standard deviation of $50.28. Assuming normality for the
distribution of amounts in the accounts receivable, estimate the
upper end point in a 90% confidence interval for the total amount
of the 805 accounts of the company. round to 4th decimal
you examine all accounts receivable of the company, and then to
take a random sample of them to provide her with estimates of the
population values useful for decision making. You considered a
random sample of 48 of the accounts and obtained a mean of $138.55
and a standard deviation of $50.28. Assuming normality for the
distribution of amounts in the accounts receivable, estimate the
upper end point in a 90% confidence interval for the total amount
of the 805 accounts of the company. round to 4th decimal