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The vice president of sales at Tim Hortons would like to know how much the average customer spends at their stores. She would like this
The vice president of sales at Tim Hortons would like to know how much the average customer spends at their stores. She would like this to be estimated within 1 dollar, using a 99% confidence interval. She has recently seen an internal study where the range was determined to be anywhere between $1.75 to $59.25. How large a sample is required?
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