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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
15 Nov 2021

Given information

Mean offer price =$18.00; The sample size(n)=15;

Step-by-step explanation

Step 1.

The sample mean for $17.00;$23.00;$14.00;$16.00;$12.00;$26.00;$20.00;$22.00;$14.00;$15.00;$22.00;$18.00;$18.00;$21.00;$21.00;

(17.00+23.00+14.00+16.00+12.00+26.00+20.00+22.00+14.00+15.00+22.00+18.00+18.00+21.00+21.00)/15;

 

The sample standard deviation(s);  (s)=1.21;

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