probability is about .95 that the 95% confidence interval will include the true population parameter. On the other hand, 2.5% of the time the highest value in the confidence interval will be smaller than the true value, while 2.5% of the time the smallest value in the confidence interval will be greater than the true value.
Just remember, low prices sell more quickly. When in doubt, go back to Step 1 and remind yourself WHY you are having a garage sale. Then, proceed with your pricing.Items sold for $1 sell much faster than those sold for $5 or more. For the best results, keep your prices in the $1 to $2 range.
The âinvoice priceâ is the figure printed on the dealerâs invoice from the manufacturer. Once difficult to find, invoice prices are now commonly available online and in printed pricing guides, such as Consumer Reportsâ Ratings & Pricing Guides.ecause itâs âsuggested,â dealers are free to sell a vehicle for a figure thatâs higher or lower than the MSRP. The âbase price,â excluding any options, destination charge, or other fee, is the initial figure youâll find in pricing guides, most car reviews, and on pricing websites.