MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A candle company wishes to estimate the time it takes their candles to completely burn. They choose 23 candles at random from their latest production run and measure how long each takes to burn. The average time of this sample is 264 minutes with a standard deviation of 25 minutes. If the company uses a 99% confidence interval to measure the average burn time of all candles in this production run, what will their margin of error be?
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