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A Company Manager Thinks He Is Overpaying for Fertilizer at $174

Question 26

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A company manager thinks he is overpaying for fertilizer at $174 per ton. To find out, he collects fertilizer prices per ton from five distributors. Construct a 90% confidence interval from his results: 128, 140, 170, 166, and 156.

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[135.1059,...

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