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Statement of a problem № m40732

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As part of a survey, you ask a random sample of business owners how much they would be willing to pay for a website for their company. The results are shown in the figure. Use a 90% level of confidence. Assume the sample is from a normally distributed population and construct the indicated confidence intervals for (a) The population variance σ2 (b) The population standard deviation σ. Interpret the results.




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