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The average cost per car crash in Thousand Oaks was $1,599 in 2014. Suppose this average cost was based on a sample of 50 persons
The average cost per car crash in Thousand Oaks was $1,599 in 2014. Suppose this average cost was based on a sample of 50 persons who had been involved in car crashes and that the population standard deviation was $600.Calculate the margin of error for a 92% confidence interval.
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