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Mathematics, 27.02.2020 05:55 Yung5hagger

The owner of a local phone store wanted to determine how much customers are willing to spend on the purchase of a new phone. In a random sample of 14 phones purchased that day, the sample mean was $492.678 and the standard deviation was $26.4871. Calculate a 99% confidence interval to estimate the average price customers are willing to pay per phone.

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