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Posted: June 15th, 2022

Wisc River Falls -ECON 326 -We want to construct a 99% confidence interval for

we took a random pattern of 25 prospects and located a imply ready time of 22 minutes with a normal deviation of 6 minutes. We want to construct a 99% confidence interval for the inhabitants imply of such ready occasions. We all know that the interval we want comes from this formulation : (imply)X plus or minus (t)(s)subX. What’s the worth of X to be used within the formulation?

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