Another bank is experimenting with programs to direct bill companies for commercial loans. They are particularly interested
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Another bank is experimenting with programs to direct bill companies for commercial loans. They are particularly interested in the number of errors of a billing program. To examine a particular program, a simulation of 1000 typical loans is run through the program. The simulation yielded a mean of 4.6 errors with a standard deviation of 0.5. Construct a 95% confidence interval on the true mean error rate.
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