A customer in the wholesale garment trade is often entitled to a discount for a cash payment for goods. The amount of discount varies by vendor. A sample of 150 items selected from a population of 4,000 invoices at the end of a period of time revealed that in 13 cases, the customer failed to take the discount to which he or she was entitled. The amounts (in dollars) of the 13 discounts that were not taken were as follows: 6.45, 15.32, 97.36, 230.63, 104.18, 84.92, 132.76, 66.12, 26.55, 129.43, 88.32, 47.81, 89.01 Construct a 99% confidence interval estimate of the population total amount of discounts not taken

A customer in the wholesale garment trade is often entitled to a discount for a cash payment for goods. The amount of discount varies by vendor. A sample of 150 items selected from a population of 4,000 invoices at the end of a period of time revealed that in 13 cases, the customer failed to take the discount to which he or she was entitled. The amounts (in dollars) of the 13 discounts that were not taken were as follows: 6.45, 15.32, 97.36, 230.63, 104.18, 84.92, 132.76, 66.12, 26.55, 129.43, 88.32, 47.81, 89.01 Construct a 99% confidence interval estimate of the population total amount of discounts not taken

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section: Chapter Questions

Problem 8CR

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