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A Golf Tournament Organizer Is Attempting to Estimate the Average

question 97

Essay

A golf tournament organizer is attempting to estimate the average number of strokes for the 13th hole on a given golf course.On a particular day,64 players completed the play on the 13th hole with average of 4.25 strokes and standard deviation of 1.6 strokes.Assuming the number of strokes can be approximated by a normal distribution,determine the 95% confidence interval for the average number of strokes.


Definitions:

Financial Markets

Marketplaces where buyers and sellers participate in the trade of assets such as equities, bonds, currencies, and derivatives.

Market Efficiency

A concept that describes the degree to which stock prices and other securities prices reflect all available, relevant information.

Market Value

The ongoing cost in the market for an asset or service to be sold or bought.

Investment Cost

The total expenses incurred in purchasing an asset, including the price of the asset plus any additional fees or charges.

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