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Statement of a problem № m286

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Compute a 95% confidence interval for the population mean, based on the sample 10, 12, 13, 14, 15, 16, and 49. Change the number from 49 to 16 and recalculate the confidence interval. Using the results, describe the effect of an outlier or extreme value on the confidence interval

Solution:
Compute a 95% confidence interval for the population mean, based on the sample 1

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