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Johnson Plastics Inc. produces cases for CDs. The accounting manager has performed a regression analysis to determine future production costs. The regression estimate is $4,900,
Johnson Plastics Inc. produces cases for CDs. The accounting manager has performed a regression analysis to determine future production costs. The regression estimate is $4,900, with an R-squared of 0.81, a t-value of 2.30, and a standard error (SE) of $196. Within what interval would she be reasonably (67%) confident that the actual values will fall?
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