Selming useu cars is ojien a pain, A lot of selling to do for very little gain My used car lot has about 36 cars, Sometimes, washing them down gives me serious scars. The average car on my lot sells for a 7245 dollar With a standard deviation of 2500, it makes me holler! The 95% confidence interval is required to estimate the population mean Whether we fall in the normal range or not, remains to be seen! What distribution makes most sense to use and why, My manager wants me to explain everything to him, oh my! Assume that the underlying distribution is normal, and answer the following: Which distribution should you use for this problem? (Answer "t-distribution" or "Z-distribution"): b. The random variable X refers to the number of miles a used car has on it. Write "true" or "false". c. The 95% confidence interval for the population mean cost of a used car goes from $ to $
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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