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A random sample of size 15 taken from a normally distributed population revealed a sample mean of 75 and a sample variance of 25. The upper limit of a 95% confidence interval for the population mean would equal:
A) 77.769
B) 72.231
C) 72.727
D) 77.273
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Perform a hypothesis test by using.04 level of significance to find out if there is a difference between the population means.
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Recent actual and forecasted data for product XYZ is given in the following table.
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