QUESTION 20 The manager of a paint store, wants to estimate the mean amount of a product sold per day. He selected a sample of 25 business days and found a sample mean of 61 litres and a sample standard deviation of 24. Assuming that the daily amounts are normally distributed, calculate the lower confidence limit (LCL) of the 92% confidence interval for the mean amount of the product sold per day. If needed, round your answer to two decimal places.
QUESTION 20 The manager of a paint store, wants to estimate the mean amount of a product sold per day. He selected a sample of 25 business days and found a sample mean of 61 litres and a sample standard deviation of 24. Assuming that the daily amounts are normally distributed, calculate the lower confidence limit (LCL) of the 92% confidence interval for the mean amount of the product sold per day. If needed, round your answer to two decimal places.
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 alt="QUESTION 20
The manager of a paint store, wants to estimate the mean amount of a product sold per day. He selected a sample of 25
business days and found a sample mean of 61 litres and a sample standard deviation of 24. Assuming that the daily
amounts are normally distributed, calculate the lower confidence limit (LCL) of the 92% confidence interval for the mean
amount of the product sold per day. If needed, round your answer to two decimal places.
sroom performance. The
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Transcribed Image Text:QUESTION 20
The manager of a paint store, wants to estimate the mean amount of a product sold per day. He selected a sample of 25
business days and found a sample mean of 61 litres and a sample standard deviation of 24. Assuming that the daily
amounts are normally distributed, calculate the lower confidence limit (LCL) of the 92% confidence interval for the mean
amount of the product sold per day. If needed, round your answer to two decimal places.
sroom performance. The
sccccccon sn sn sn scon scm son sa se coke cce cieiO.cin a sm enoccco.ccxon scon son san sd nputed to be
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