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A regional CPA firm conducted an audit for a discount chain.One part of the audit involved developing an estimate for the mean dollar error in total charges that occur during the checkout process.They wish to develop a 90% confidence interval estimate for the population mean.A simple random sample of n = 20 is selected,with the following data (in dollars):
-Develop a 90% confidence interval estimate for the population mean.
Correct Answer:
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± tα/2 ∙ s /
= 0.77...
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