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 6:56 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 50 of the accounts and obtained a mean of $147.43
and a standard deviation of $48.25. Assuming normality for the
distribution of amounts in the accounts receivable, estimate the
lower end point in a 95% confidence interval for the total amount
of the 882 accounts of the company.
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 50 of the accounts and obtained a mean of $147.43
and a standard deviation of $48.25. Assuming normality for the
distribution of amounts in the accounts receivable, estimate the
lower end point in a 95% confidence interval for the total amount
of the 882 accounts of the company.