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A stationery store wants to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.58 with a standard deviation of $0.49 per customer per visit. Assuming a normal distribution, construct a 95% confidence interval estimate of the mean retail value of greeting cards purchased by its customers.

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  • Category:- Statistics and Probability
  • Reference No.:- M9105614

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