From a random sample of 48 business days from November 14, 2017 through January 23, 2018, Londons

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From a random sample of 48 business days from November 14, 2017 through January 23, 2018, London’s crude oil prices had a mean of \($59.23.\) Assume the population standard deviation is \($2.79.\) 

You are given the sample mean and the population standard deviation. Use this information to construct 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.

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Elementary Statistics Picturing The World

ISBN: 9781292260464

7th Global Edition

Authors: Betsy Farber, Ron Larson

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