We estimate the mean price of a cell phone in the bay area

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Reference no: EM13624914

We estimate the mean price of a cell phone in the Bay Area using a 95% level of confidence. From a random sample of 25 stores the mean price was found to be $150 with a standard deviation of $15

1 What is the point estimate for the mean price of the population

2 What is the value of standard error of the mean

3 The probability distribution is?

4 What is the critical value

5 What is the margin of error

6 What is the 90% confidence interval

Reference no: EM13624914

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