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rome File Edit View History Bookmarks People Window Help AS my.bsu-? ?Smarteri ? ? Take Tes x v DE Continue × ? Announc × e e Secure https://blackboard.bsu.edu/webapps assessment take laun. ?? Words:0 Path: p QUESTION 32 4 points Save Answer Question 32. The daily revenue from the sale of fried dough at a local street vendor in Boston is known to be normally distributed with a known standard deviation of $120. The revenue on each of the last 40 days is noted, and the average is computed as $550. i. What is the margin of error for a 95% confidence interval for the population mean revenue. ii, Construct a 95% confidence interval for the population mean revenue. TT! ? Paragraph: Arial 3(12pt) :-,-, T??% Path: p Words:0 QUESTION 33 4 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Close Window Save and SubmitExplanation / Answer
2. Confidence interval can be given as X = x° ± 1.96* se of X
Margin of error is 1.96*SE(X) = 1.96* 120 = 235.2
The CI can be given as 550±235.2
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