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A survey conducted by a shopping mall group showed that a family in a metro-city spends an average of Rs. 500 on clothes every month.
A survey conducted by a shopping mall group showed that a family in a metro-city spends an average of Rs. 500 on clothes every month. Suppose a sample of 81 families resulted in a sample mean of Rs. 540 per month and a sample standard deviation of Rs. 150, develop a 95 per cent confidence interval estimator of the mean amount spent per month by a family
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