Question
Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the assets and liabilities
Business bankruptcies in Canada are monitored by the Office of the Superintendent of Bankruptcy Canada (OSB). Included in each report are the assets and liabilities the company declared at the time of the bankruptcy filing. A study is based on a random sample of 6060 reports from the province of Ontario. The average debt (liabilities minus assets) is $2.68 million with a standard deviation of $4.85million.
Construct a 95% onesample t confidence interval for the average debt of these companies at the time of filing. Express your answer in interval form, (lower,upper), in millions of dollars, precise to three decimalplaces.
95% confidence interval: million dollars
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