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The managers of the ABS department store want a 99% confidence interval estimate of the current average balance of charge customers. A sample means of
The managers of the ABS department store want a 99% confidence interval estimate of the current average balance of charge customers. A sample means of $ 68, and a population standard deviation of $7, and a random sample of 136, what is the LCL (Lower Confidence Limit) of a 99% confidence interval estimate of the true average balance?Use 3 decimal places for all your calculations. No credit will be given for rounding mistakes!
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