The us dairy industry wants to estimate the mean yearly, Ask an Expert

Economics

The US Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 35 people reveals the mean consumption to be 60 gallons with a population standard deviation of 20 gallons.

A. Develop a 90%, and 95% confidence interval for the population mean

B. Would it be reasonable to conclude that the population mean is 63 gallons?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996464

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