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Management Studies

Problem:

Company is packaged and sold with unknown weight and standard deviation. Seven packages are randomly selected and weighed with the following results in pounds:

38, 38, 37, 39, 35, 35, 37

Required

Question 1) What is the point estimate for the population mean?

Question 2) Construct the 98% confidence interval estimate for the actual population mean weight.

Provide correct solution of the given problem with step by step caalculations.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149212

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