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BUS 308 Week 5 DQ 1 Confidence Intervals A hardware retailer has average sales of $64,235 with a standard deviation of $5,918 for a 12- month period. The.

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Presentation on theme: "BUS 308 Week 5 DQ 1 Confidence Intervals A hardware retailer has average sales of $64,235 with a standard deviation of $5,918 for a 12- month period. The."— Presentation transcript:

1 BUS 308 Week 5 DQ 1 Confidence Intervals A hardware retailer has average sales of $64,235 with a standard deviation of $5,918 for a 12- month period. The mean monthly sales for all retailers in the chain are $59,844. Is this hardware retailer’s sales significantly different from all retailers in the chain at ? Are they significantly different at ? Calculate a.95 confidence interval for the data in problem. Explain your findings and determine what question the confidence interval answers. Guided Response: Review several of your classmates’ postings. Respond to at least two classmates by commenting on whether or not you think changing the confidence intervals will result in a different outcome. Explain if you agree or not with the role of a confidence interval in the interpretation of the answer Check this A+ tutorial guideline at http://www.assignmentcloud.com/BUS-308/BUS-308- Week-5-DQ-1-Confidence-Intervals For more classes visit http://www.assignmentcloud.com

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