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The mean and standard deviation of single sales prices for a specific type of golf club...

The mean and standard deviation of single sales prices for a specific type of golf club on Ebay are $147 and $11 respectively. We are going to sell 99 of these clubs on Ebay in individual and independent auctions. If the sales follow the historical data, what’s the maximum revenue we should expect, using a 98% CI as a basis?

a.

~ $14,585
b.

~ $14,808
c.

~ $17,295
d.

~ $14,835
e.

~ $21,275
Math   Statistics-And-Probability   
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