Please read the following paragraph and answer : “Do you agree with the use of a z or t confidence interval in
this example? Explain your reasoning and consider how confidence intervals could be applied to the final project.”
An example of how it could be applied within an operations or production environment would be a motorcycle dealership. The T interval would be used to help determine which motorcycle would be sold. The population or variations would include make, model and color. The T interval would utilize a smaller sample thus it will have a standard error applied to the outcome. This function best reflects the this production environment as the conditions are random, normal and independent data. Also, the standard deviation or sigma is unknown.
Please use atleast one APA style reference in responding to the question above.
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