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Unoccupied seats on flights cause airlines to lose revenue.Suppose a large airline wants to estimate its average number of unoccupied seats per flight over the past year.225 flight records are randomly selected and the number of unoccupied seats is noted,with a sample mean of 11.6 seats and a standard deviation of 4.1 seats.Calculate a 95 percent confidence interval for μ,the mean number of unoccupied seats per flight during the past year.
Supreme Court
The highest judicial body in a country or state, having ultimate authority to adjudicate legal disputes, interpret laws, and in some cases, overturn laws or executive actions.
McKinley
Refers to William McKinley, the 25th President of the United States, serving from 1897 until his assassination in 1901.
Gold Standard Act
A U.S. law passed in 1900 that established gold as the sole basis for redeeming paper currency, effectively setting a monetary standard where the value of currency is defined in terms of gold.
Support of Business
Refers to policies or actions, typically by governments, intended to assist and promote the growth and success of the private sector.
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