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The average selling price of a smartphone purchased by a random sample of 32 customers was $315. Assume the population standard deviation was $34. a.
The average selling price of a smartphone purchased by a random sample of
32 customers was $315.
Assume the population standard deviation was
$34.
a. Construct a 90% confidence interval to estimate the average selling price in the population with this sample.
b. What is the margin of error for this interval?
a. The 90% confidence interval has a lower limit of =
and an upper limit of=
(Round to the nearest cent as needed.)
b. The margin of error is
(Round to the nearest cent as needed.)
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