Mathematics, 18.03.2021 01:30, babyskitt
You are interested in purchasing a new car. One of the many points you wish to consider is the resale value of the car after 5 years of ownership. Since you are particularly interested in Toyota Camry, you decide to estimate the resale value of the Camry with a 90% confidence interval. You manage to obtain data on 17 recently resold 5 year old Toyota Camrys. These 17 cars were resold at an average price of $12,400 with a standard deviation of $700. What is the correct form of a 90% confidence interval for the true mean resale value of a 5 year old Toyota Camry
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