A recent study looked at the price of new compact sedans around the country. From the data, they constructed a 95% confidence interval to estimate the true mean price of new compact sedans around the country. The resulting interval is given:
($10,430 , $12,030)
What must have been the value of the sample mean price of compact sedans from the data that was collected?
$11,230
$12,030
There is not enough information to answer this question.
$10,430
$22,460