Answer:
the best estimate for each boc cost is $15
Step-by-step explanation:
divide 305 to 21 it is near 15
Answer:
95% Confidence interval = (23.4,26.2)
Step-by-step explanation:
In this problem we have to develop a 95% CI for the mean.
The sample size is n=49, the mean of the sample is M=24.8 and the standard deviation of the population is σ=5.
We know that for a 95% CI, the z-value is 1.96.
The CI is
