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The director of admissions is concerned about the high cost of textbooks for the students each semester. A sample of 25 students enrolled in the university indicates that x(bar) = $315.40 and s = $43.20.
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1.Using the .10 level of significance, what are the boundaries of the confidence interval?
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2.Using the .10 level of significance, is there evidence that the population mean is above $300? (Should be yes or no with reason why.)
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Thank you!!
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