Shopping Survey Arandom sample of 49 shoppers showed that

Chapter 7, Problem 4

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Shopping Survey Arandom sample of 49 shoppers showed that they spend an average of $23.45 per visit at the Saturday Mornings Bookstore. The standard deviation of the population is $2.80. Find a point estimate of the population mean. Find the 90% confidence interval of the true mean. (71) $23.45; $22.79 _ m _ $24.11

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