Estimate the mean daily profit of a convenience store

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Reference no: EM13203488

Suppose that we want to estimate the mean daily profit of a convenience store. For this purpose, we record the daily profit for a random sample of days. The sample has a mean of dollars and a standard deviation of dollars. For each of the following sampling scenarios, determine which test statistic is appropriate to use when making inference statements about the population mean.

Reference no: EM13203488

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