Estimation

Problem-24: Estimation

Joel Fried lander is a broker on the New York Stock Exchange who is curious about the amount of time between the placement and execution of a market order. Joel sampled 45 orders and found that the mean time to execution was 24.3 minutes and the standard deviation was 3.2 minutes. Help Joel by constructing a 95 percent confi dence interval for the mean time to execution

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Problems: Estimation

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Minhajur Rahaman
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