Market research indicates that a new product

In a sample of 17 small candles, the weight is found to be 3.72 ounces
February 27, 2020
Determine the minimum sample size required when you want to be 75% confident
February 27, 2020

Market research indicates that a new product

Question

Market research indicates that a new product has the potential to make the

company an additional $3.8 million, with a standard deviation of $1.8 million. If this estimate was based on a sample of 10 customers, what would be the 90% confidence interval?

 

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