Confidence interval for mean-retail value of greeting cards

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Reference no: EM13104931

A stationery store to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.55 with a standard deviation of $0.44 per customer per visit. Assuming a normal distribution, construct a 95% confidence interval estimate of the mean retail value of greeting cards purchased by its customers.

Reference no: EM13104931

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Confidence interval for mean-retail value of greeting cards : A stationery store to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.55 with a standard deviation of $0.44 per customer per visi..

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