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Mathematics, 29.07.2020 16:01 davestrider404

(10 points) Collette is self-employed, selling cosmetics at home parties. She wants to estimate the average amount a client spends per year at these parties. A random sample of 16 receipts had a mean of x¯=$340.70 with a standard deviation of s=$60.15. Find a 90% confidence interval for the mean amount μ spent by all clients. Assume x has a distribution that is approximately normal.

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(10 points) Collette is self-employed, selling cosmetics at home parties. She wants to estimate the...
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