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A marketing researcher wants to estimate the mean amount that visitors to a theme park spend per person per day using a 95% confidence interval.
A marketing researcher wants to estimate the mean amount that visitors to a theme park spend per person per day using a 95% confidence interval. She knows that the standard deviation of this amount is $25. a)How large of a sample should the researcher select so that the estimate will be within $3 of the population mean?b)Suppose that sample of size n determined in part a is taken, and the corresponding sample mean is $90. Find the 95% confidence interval of the population mean.
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