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1) Small Mean Problem. Grandfather clocks have a particular market in auctions. You are given a...

1) Small Mean Problem. Grandfather clocks have a particular market in auctions. You are given a random sample of 21 purchases of grandfather clocks at auctions in Pennsylvania. The sample statistics are: Mean = $1,343.04 Std Dev = $414.04 C.V. = 30.83 N = 20.

You are asked to create a 90% Confidence Interval around the price for this sample. The BOE for this confidence interval is?

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The BOE for this confidence interval is = Margin of error = 160.233

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