Question

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

Answer 1