Home / Expert Answers / Statistics and Probability / tradeline-is-an-nbsp-online-nbsp-stock-trading-service-to-estimate-the-average-number-of-trades-ma-pa446

(Solved): TradeLine, is an online stock-trading service. To estimate the average number of trades ma ...



TradeLine, is an online stock-trading service. To estimate the average number of trades made last month by TradeLine’sclients, you take a simple random sample of 16 clients and find the average number of trades in the sample is 45.8. Since you do not know the population standard deviation, you calculate the sample standard deviation as 12.3. Assume that the population is normally distributed. Show the appropriate 99% confidence interval for the average number of trades for all of TradeLine’s clients.  



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe