The prices (in dollars) for a particular model of digital camera with 6 megapixels and an optical 3x zoom lens are shown below for 8 online retailers. Round sample statistics and final answers to at least one decimal place. 214 201 221 180 200 187 265 222

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 37E
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The prices (in dollars) for a particular model of digital camera with 6 megapixels and an optical 3x zoom lens are shown below for 8 online retailers. Round sample statistics and final answers to at least one decimal place. 214 201 221 180 200 187 265 222
Estimate the true mean price for this particular model with 98% confidence.
Assume the variable is normally distributed.
<μ<
Transcribed Image Text:Estimate the true mean price for this particular model with 98% confidence. Assume the variable is normally distributed. <μ<
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