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A small stock brokerage firm wants to determine the average daily sales (in dollars) of stocks to their clients.A sample of the sales for 36 days revealed an average daily sales of $200,000.Assume that the standard deviation of the population is known to be $18,000.
a.
Provide a 95% confidence interval estimate for the true average daily sales.
b.
Provide a 97% confidence interval estimate for the true average daily sales.
Taney's Arguments
Refer to the judicial opinions and reasoning of Roger B. Taney, the fifth Chief Justice of the United States, particularly associated with the Dred Scott v. Sandford case which denied citizenship to African Americans.
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