A manufacturing process is supposed to produce ball bearings with a diameter of 0.5 inch. The company examines n = 50 ball bearings and finds that and S2(n) = 0.06. Test the null hypothesis H0: μ = 0.5 against the alternative hypothesis H1: μ ≠ 0.5 at level α = 0.05. Also, construct a 95 percent confidence interval for μ.
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