(Answered) Question - the manager of a department store is thinking

Accounting

Question - The manager of a department store is thinking about establishing a new billing system for the store's credit customers. After a thorough financial analysis, she determines that the new system will be cost effective only if the mean monthly account is more than $170. A random sample of 169 monthly accounts is drawn for which the sample mean is $177 and the sample standard deviation is $65.

Construct a 95% confidence interval for the overall mean monthly account.

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