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accompanying data show the amounts by which the quoted rate differs f.pdf

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The document discusses computing a 95% confidence interval estimate for the mean error in hotel charges based on accompanying data. A 95% confidence interval of plus or minus a certain amount was calculated, indicating the range of values within which the true mean error is expected to fall with 95% confidence.

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accompanying data show the amounts by which the quoted rate differs from the negotiated rate. Positive values indice indicate an undercharge. Complete parts a and b below. Click Charge Differences a. Compute a 95% confidence interval estimate for the mean error in hotel charges. Interpret the confidence interval estimate. The 95% confidence interval is ? (Round to the nearest cent as needed. Use ascending order.)

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accompanying data show the amounts by which the quoted rate differs f.pdf

  • 1. accompanying data show the amounts by which the quoted rate differs from the negotiated rate. Positive values indice indicate an undercharge. Complete parts a and b below. Click Charge Differences a. Compute a 95% confidence interval estimate for the mean error in hotel charges. Interpret the confidence interval estimate. The 95% confidence interval is ? (Round to the nearest cent as needed. Use ascending order.)