A random sampling of a company's monthly operating expenses for n=36 months produced a sample mean of $5474 and a stan-dard devi
ation of S 764. Find a 90% upper confidence bound for the company's mean monthly expenses.
1 answer:
Answer with explanation:
Mean of the sample(m) = $ 5474
Standard deviation of the sample (S)=764
Number of observation(n)=36


So, Mean Monthly Expenses of Population =$ 5405.76, which is 90% upper confidence bound for the company's mean monthly expenses.
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