The file DarkChocolate contains the cost per ounce ($) for a sample of 14 dark chocolate bars:

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The file DarkChocolate contains the cost per ounce ($) for a sample of 14 dark chocolate bars:
The file DarkChocolate contains the cost per ounce ($) for

a. Construct a 95% confidence interval estimate for the population cost per ounce ($) of dark chocolate bars.
b. What assumption do you need to make about the population distribution to construct the interval in (a)?
c. Given the data presented, do you think the assumption needed in (a) is valid? Explain.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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