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Confidence interval

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Computer Services, Inc. wants to determine a confidence interval for the average CPU time of their teleprocessing transactions. A sample of 64 transactions yielded a mean of 6 seconds with a standard deviation of 0.8 seconds. Determine a 98% confidence interval for the average CPU time.

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This solution is comprised of a detailed explanation of Confidence Interval. In this solution, all the possible explanation of this complicated topic provides students with a clear perspective of confidence interval.

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