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In a Recent Audit Report, an Accounting Firm Stated That

Question 14

Essay

In a recent audit report, an accounting firm stated that the mean sale per customer for the client was estimated to be between $14.50 and $28.50. Further, this was based on a random sample of 100 customers and was computed using 95 percent confidence. Provide a correct interpretation of this confidence interval estimate.

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A correct interpretation is: "...

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