Calculate the confidence limits of the population mean at a confidence level of 95% if one sample
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Calculate the confidence limits of the population mean at a confidence level of 95% if one sample of 100 items resulted in a point estimate of the mean of \($937\) and a standard error of the mean of \($126\). What assumptions are necessary before the calculated confidence limits can be considered reliable? State the results of the calculation in words.
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Related Book For
Applications Of Statistical Sampling To Auditing
ISBN: 9780130391568
1st Edition
Authors: Alvin A. Arens, James K. Loebbecke
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