The product manager for a large retail store has recently st

The product manager for a large retail store has recently stated that she estimates that the average purchase per visit for the store\'s customers is between $33.00 and $65.00. The $33.00 and the $65.00 are considered point estimates for the true population mean.

a) True

b) Falus

The product manager for a large retail store has recently stated that she estimates that the average purchase per visit for the store\'s customers is between $33.00 and $65.00. The $33.00 and the $65.00 are considered point estimates for the true population mean.

a) True

b) Falus

The product manager for a large retail store has recently stated that she estimates that the average purchase per visit for the store\'s customers is between $33.00 and $65.00. The $33.00 and the $65.00 are considered point estimates for the true population mean.

a) True

b) Falus

Solution

b) Falus , Which are lower and upper limits