Recent content by Lakshmanan Ramakrishnan

Thank you Suganya! for your reference

Thank you Suganya!... Can I use normal distribution to solve this problem?

Yes, I used normal distribution.

I have mentioned sample size > 100, so we can't use T test.

1. The average revenue per transaction in the population is Rs 614. Based on this attribute only, would you be confident that this sample is representative of the population? Hint: Is the sample average different from the population average? If yes, how different based on statistical...