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A random sample of 70 recent Ontario college graduates was conducted to determine the amount of money they spend per month on repaying their student

A random sample of 70 recent Ontario college graduates was conducted to determine the amount of money they spend per month on repaying their student loans. The sample found that on average, the graduates were spending $447 per month, with a standard deviation of $30. Estimate the average monthly payment for all recent graduates from Ontario colleges with 98% confidence.

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