Mathematics, 01.06.2021 14:20, tcchef6

A small stationary store has about 2500 pens in the store and wants to estimate the mean retail value of pens that it has in its inventory. A random sample of 100 pens is selected and the computed mean of the sample is $2.64 and a standard deviation of $0.44. Assuming a normal distribution, construct a 95% confidence interval of the mean value of all the pens in the store.

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A small stationary store has about 2500 pens in the store and wants to estimate the mean retail valu...