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The following observations are the amounts due (in thousands) to a random sample of 8 vendors for Company X: 52 68 22 35 30 56
The following observations are the amounts due (in thousands) to a random sample of 8 vendors
for Company X:
52 68 22 35 30 56 39 48
It is known that accounts payable is normally distributed with a standard deviation of 10.
Determine the 95% confidence interval estimate of the population mean of accounts payable for
Company X. Remember to interp
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