A nursery has $60,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 29% and the profit on a
1 answer:
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Answer:
a) (59180,60820)
b) (59020,60980)
Step-by-step explanation:
We are given the following information in the question:
Mean, μ = $60,000
Standard Deviation, σ = $5,000
Sample size, n = 100
a) 90% critical values
Putting the values, we get,
b) 95% critical values
Putting the values, we get,