Create confidence interval for annual cost of maintenance
In a random sample of 35 tractors, the annual cost of maintenance was $4,425 and the standard deviation was $775. Construct a 90% confidence interval for this. Assume the annual maintenance costs are normally distributed.
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In "Intellectual Property and the Information Age," Richard T. De George begins by examining the case of Napster and the practice of sharing digital music over the Internet.
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Create the 90% confidence interval for this. Suppose annual maintenance costs are normally distributed.
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