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A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled 3 pounds. Of course he realizes that the weights cannot be precisely 3 pounds. A sample of 36 packages reveals the mean weight to be 3.01 pounds, with a standard deviation of 0.03 pounds.

A. what is the estimated population mean?

B. Determine a 95% confidence interval for the population mean.

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Category:- Basic Finance
Reference No.:- M9792990

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