The recommended retail price of a new cancer drug is 150, Ask an Expert

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The recommended retail price of a new cancer drug is $150 per dose. The drug price in a random sample of 16 retailers is on average $141. Standard deviation $4. If this is a random sample and the prices are normally distrubuted, construct a 95% confidence interval for the average drug price.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9989911

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