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A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that is $2.11. Construct
A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that
is
$2.11.
Construct the
90%
and
99%
confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.
22.11 | 20.29 | 21.55 | 19.49 | 19.24 | 17.12 | 21.25 | 16.51 | |
15.25 | 18.46 | 19.39 | 15.86 | 20.16 | 16.77 | 18.94 | 16.84 |
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