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Mathematics, 14.04.2020 18:53 nhdhdj

A supplier of a certain car parts chain of stores wants to estimate the average length of time car owners plan to keep their cars. From the past it is known that the standard deviation of the length of times car owners plan to keep their cars is 6.5 years. A random sample of 25 car owners results the average length of time of 7.2 years. Calculate and interpret a 99% confidence interval for the average length of time all car owners plan to keep their cars.

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