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We want to estimate the mean dollar value of purchases made by customers when they shop at store. From a sample of 100 customers, we
We want to estimate the mean dollar value of purchases made by customers when they shop at store. From a sample of 100 customers, we find the sample mean of 107 and sample standard deviation of 7. If we desire a 95% confidence level. Construct a confidence interval around X to estimate the range within which the population mean will fall.
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