From a random sample of 48 business days from November 14, 2017 through January 23, 2018, Londons
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From a random sample of 48 business days from November 14, 2017 through January 23, 2018, London’s crude oil prices had a mean of \($59.23.\) Assume the population standard deviation is \($2.79.\)
You are given the sample mean and the population standard deviation. Use this information to construct 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9781292260464
7th Global Edition
Authors: Betsy Farber, Ron Larson
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