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December 22, 2014

Homework Help: Statistics

Posted by Fran on Thursday, March 4, 2010 at 8:58am.

You are a buyer bidding on a lot of 10,000 uncut diamonds. You select 100 stones at random, sight unseen, from the lot. The average weight is 0.98 ct with a standard deviation in the sample of 0.11 ct. What is the 95% confidence interval for the average weight of a stone in the lot?

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