Mathematics, 20.04.2021 21:50 roibeyj
An online auction website allows sellers to place a reserve on their items up for auction. Bids on an item with a reserve must exceed a predetermined price before the seller commits the transaction. In a sample of 2,617 auctions the mean reserve was $112 with a standard deviation of $560. Find an approximate 96% confidence interval for the time mean reserve price
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An online auction website allows sellers to place a reserve on their items up for auction. Bids on a...
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