Suppose an analyst wants to estimate the average age of a person who is a first-time home

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Suppose an analyst wants to estimate the average age of a person who is a first-time home buyer. A random sample of first-time home buyers is taken and their ages are ascertained. The Excel output for a 98% confidence interval is shown here. Study the output and explain its implications.image

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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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