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A rechargeable flashlight is advertised to last up to 2 1/2 hours per charge and to recharge overnight.A test was conducted which measured the time a light lasted before needing a recharge.A random sample of 12 lights has a mean recharge time of 2.24 hours and a standard deviation of 1.05 hours.Assuming the population for recharge time is normally distributed,what is the 99% confidence interval estimate for the population mean?
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Actual Authority
The express and implied powers a principal intentionally grants to an agent, allowing them to act on the principal's behalf.
Duty of Loyalty
A legal obligation of individuals, such as directors of a company or trustees, to act in the best interests of the company or trust, over and above their own interests.
Personal Concerns
Matters or issues that are primarily related to an individual's private interests, well-being, or personal circumstances.
Agent
A person or entity legally authorized to act on behalf of another person or entity in financial or business matters.
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