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The prices of used books at a large college bookstore are normally distributed. If a sample of 23 used books from this store has a mean price of...
The prices of used books at a large college bookstore are normally distributed. If a sample of 23 used books from this store has a mean price of $27.50 with a standard deviation of $6.75, use Table 10.1 in your textbook to calculate the following for a 95% confidence level about the population mean. Be sure to show your work.
a. Degrees of freedom
b. The critical value of t
c. The margin of error
d. The confidence interval for a 95% confidence level