[Solved] A random sample of 36 radio stations is selected in order to estimate the average charge for the same fixed-length spot announcement. The sample
Question: A random sample of 36 radio stations is selected in order to estimate the average charge for the same fixed-length spot announcement. The sample mean and standard deviation are $15.00 and $6, respectively. Assume that the charges made by all radio stations of the type sampled are approximately normally distributed. Construct the 95% confidence interval for the population mean.
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