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BUS 308 Week 5 DQ 1 Confidence Intervals

BUS 308 Week 5 DQ 1 Confidence Intervals

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Author: Lester Dunn
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http://www.homeworkrank.com/BUS-308/BUS-308-Week-5-DQ-1-Confidence-Intervals


Description :

A hardware retailer has average sales of $64,235 with a standard deviation of $5,918 for a 12-month period. The mean monthly sales for all retailers in the chain are $59,844. Is this hardware retailer’s sales significantly different from all retailers in the chain at ? Are they significantly different at ? Calculate a .95 confidence interval for the data in problem.


 

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