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.
Vehicles often sell for much lower than the MSRP (manufacturer suggested retail price). Some car buyers use the dealer price invoice as their target sales price. The invoice price is the price for which the dealer purchased the car from the manufacturer. You can ask a salesperson to show you the dealer price invoice. Or, you can get dealer invoice prices here.