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Name: Kmart decided to inventory all of its furniture stock for a year end e
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Description: Kmart decided to inventory all of its furniture stock for a year end evaluation. At that time there were 768 items of furniture. A random sample of 40 items of furniture were selected for audit, with sample mean=$249.06 and SD=$92.58. Construct a 95

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Kmart decided to inventory all of its furniture stock for a year end evaluation. At that time there were 768 items of furniture. A random sample of 40 items of furniture were selected for audit, with sample mean=$249.06 and SD=$92.58. Construct a 95% confidence interval estimate of the total value of furniture stock for year end.

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