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Fifty students are enrolled in an Economics class. After the first examination, a randomsample of five...

Fifty students are enrolled in an Economics class. After the first examination, a randomsample of five papers was selected. The grades were 60, 75, 80, 70, and 90. Assume the distributionof all the grades is normal. Provide an approximate 90% confidence interval for the mean grade of allthe students in the class.

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(a) The Computation table: x-2 ū n woo 225 Ex: = 375 (x,-3)* = 500 The formula for calculating the value of sample mean is =

The 90% confidence interval for the population mean is The sample size is n=5. The sample mean is 7 = 75. The sample standard

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