810 The average selling price of BlackBerry smart phones pur

8.10 The average selling price of BlackBerry smart phones purchased by a random sample of 35 customers in 2010 was $311. Assume the population standard deviation was $35.

a) Construct a 90% confidence interval to estimate the average selling price in the population with this sample.

b) What is the margin of error for this interval?

Solution

8.10 The average selling price of BlackBerry smart phones purchased by a random sample of 35 customers in 2010 was $311. Assume the population standard deviatio

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