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A researcher records the repair cost for 8 randomly selected washers. A sample mean of $?60.46 and standard deviation of $?18.36 are subsequently computed. Determine the 90% confidence interval for the mean repair cost for the washers. Assume the population is approximately normal.
Step 1 of 2: Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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