A random sample of n = 121 sales invoices was taken from a very large population of such invoices, a


Question: A random sample of n = 121 sales invoices was taken from a very large population of such invoices, and the average value was found to be £47.50 with a sample standard deviation of £7.50. Find a 90% confidence interval for the mean value of all invoices. Compare this interval with that obtained under the simplifying assumption that the population standard deviation is equal to the sample standard deviation.

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Solution: The solution consists of 2 pages
Type of Deliverable: Word Document

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