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3. You are interested in finding out the desired retirement age of employees at Lanson's Security Inc.. A sample of 25 employees was selected, and
3. You are interested in finding out the desired retirement age of employees at Lanson's Security Inc.. A sample of 25 employees was selected, and the average desired retirement age is 60. The standard deviation of the population is 5. a. Build a 90% confidence interval for the population average. b. Build a 95% confidence interval for the population. c. If you want the error to be within 1 with 95% confidence what should your sample size be? d. If you want the error to be within 1 with 90% confidence what should your sample size be
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