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Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through their employers averaged $10,979. The standard deviation of the sample was 1,000.
A. Based on the sample information, develop a 90% confidence interval for the population mean yearly premium.
B. How large a sample is needed to find the population mean within $250 at 99% confidence?
1.a publisher sells books to borders at 12 each. borders prices the book to its customers at 24 and expects demand over
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When June and Patrick Baker were "house hunting" 5-years ago, the mortgage rates were pretty high. The fixed rate on a thirty year mortgage was 8.75 percent while the fifteen year fixed rate was at 8 percent.
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