A String Quartet in Maui Wants to Better Understand Their

question 88

Short Answer

A string quartet in Maui wants to better understand their income stream,which primarily comes from playing at weddings.The cellist records the number of weddings they play in six successive months.Construct a 90% confidence interval from her results: 3,5,7,4,4,and 5.

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Definitions:

Accrued Revenues

Revenues earned by a company for goods or services provided but not yet billed or received by the end of the accounting period.