3. A t-based confidence interval for the mean price indian mango is calculated using a simple random sample of indian mango prices for 50 stores. Given that the 99% confidence interval is Php 3.32 < µ < Php 3.98, calculate the sample mean price for an indian mango?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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3. A t-based confidence interval for the mean price indian mango is calculated using a
simple random sample of indian mango prices for 50 stores. Given that the 99%
confidence interval is Php 3.32 < µ < Php 3.98, calculate the sample mean price for
an indian mango?
Transcribed Image Text:3. A t-based confidence interval for the mean price indian mango is calculated using a simple random sample of indian mango prices for 50 stores. Given that the 99% confidence interval is Php 3.32 < µ < Php 3.98, calculate the sample mean price for an indian mango?
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