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Find and Interpret a 95% Confidence Interval for the Population

Question 104

Essay

Find and interpret a 95% confidence interval for the population mean number of laptops owned by an average Australian household, if a random sample of 40 Australian households had a sample mean of 1.3 laptops. The population variance is known to be 4 laptops2.

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Given that n is large, by the Central li...

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