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An online used car company sells second-hand cars. For 30 randomly selected transactions, the mean price is 2200 dollars. Part a) Assuming a population standard
An online used car company sells second-hand cars. For 30 randomly selected transactions, the mean price is 2200 dollars.
Part a)Assuming a population standard deviation transaction prices of 100 dollars, obtain a 99% confidence interval for the mean price of all transactions. Please carry at least three decimal places in intermediate steps. Give your final answer to the nearest two decimal places.
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