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A hotel manager is interested in the mean length of stay for his guests. A random sample of 16 guests produced a mean length of stay of 4.3 nights with a standard deviation of 1.2 nights. Assume the distribution of lengths of stay for guests follows a normal distribution.
Compute a 95% confidence interval for the mean length of stay for all guests of this hotel.
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Think about the role of the finance department at Strident Marks. The finance section has a couple of new hires, and the Chief Financial Officer has asked that you spend a short value of time with them,
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Kristen Cookie's are contemplating to transfer their cookie business and enter to high end pizza market. You would purchase a new oven dedicated to the new pizza division, which would be staffed only by the two of you.
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