mates that the average daily per-store theft is less than $100, but wants to determine the accuracy of this statistic. The company researcher takes a sample of 81 clerks and finds that mean = 103$ and s = $10. state the hypothesis

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.