The personnel department of a large corporation employing 3,000 workers wants to estimate the family dental expenses

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The personnel department of a large corporation employing 3,000 workers wants to estimate the family dental expenses of its employees to determine the feasibility of providing a dental insurance plan.A random sample of 10 employees (stored in the file Dental) reveals the following family dental expenses (in dollars) for the preceding year:
110 362 246 85 510 208 173 425 316 179
Construct a 90% confidence interval estimate for the total family dental expenses for all employees in the preceding year. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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