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Modified from 8.15 David wants to provide home tuition at his house. He is estimating the hourly tuition fees around his residential area. He selects
Modified from 8.15 David wants to provide home tuition at his house. He is estimating the hourly tuition fees around his residential area. He selects a sample of 50 tuitions provided around his residential area and yields a mean of $25 per hour with a standard deviation of $14. Compute the maximum amount of the hourly mean tuition fee that is within 95% confidence interval. Provide answer to two decimal places.
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