application of confidence interval

price and channel strategy 28
March 22, 2023
business operations quot please respond to the following
March 22, 2023

application of confidence interval

is there a way you could watch this video and do the application of confidence interval?

https://youtu.be/FedZLuhk8A4 this is the link for this application.

Think about a population mean that you may be interested in and propose a confidence interval problem for this parameter. Your data values should be approximately normal.

For example, you may want to estimate the population mean number of times that adults go out for dinner each week. Your data could be that you spoke with seven people you know and found that they went out 2, 0, 1, 5, 0, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.

Assume a random sample was chosen, which is required to determine a confidence interval.

 
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