STAT 101 Strayer University Week 4 Confidence Intervals in Business Question

Question Description

I’m studying for my Statistics class and need an explanation.

Question:
WEEK 4: CONFIDENCE INTERVALS IN BUSINESS

Consider when businesses might use confidence intervals to estimate values, such as in sales projections, marketing results, and so forth. Describe a business decision that could be helped with confidence intervals. Be specific! Then create a problem with numbers from which another student could calculate a confidence interval and make a decision.