A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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A random survey of 5000 businesses was conducted by Statistics Canada. They reported an average of 8.98 bankruptcies per 1000 businesses from 1999 to 2005 with a standard ERROR of 1.25. Construct a 95% confidence interval for the mean number of bankruptcies per 1000 businesses between 1999 and 2005.
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