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Mathematics, 16.03.2020 18:35 rex12388
The research department at the company took a sample of 25 comparable textbooks and collected information on their prices. This information produces a mean price of $145 for this sample. It is known that the standard deviation of the prices of all such textbooks is $35 and the population of such prices is normal. (a) What is the point estimate of the mean price of all such textbooks? (b) Construct a 90% confidence interval for the mean price of all such college textbooks.
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