(Step-by-Step) A survey of 50 retail stores revealed that the average price of a microwave was $375 with a standard error of $20. Assuming the population is
Question: A survey of 50 retail stores revealed that the average price of a microwave was $375 with a standard error of $20. Assuming the population is normally distributed, what is the 99% confidence interval to estimate the true cost of the microwave?
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