A study of the consultants in a particular industry has determined that the standard deviation of the
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Question:
A study of the consultants in a particular industry has determined that the standard deviation of the hourly fee for the consultants is $24. A random sample of 80 consultants in the industry has a mean hourly fee of $117. Find 95% confidence interval for the true mean hourly fee of all consultants in the industry. Then give lower limit and upper limit.
Carry your intermediate computations to at least 3 decimal places.
Round your answer to 1 decimal place.
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