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(i. The interval estimate states the range within which a population parameter probably lies.
(ii) A 95 percent confidence interval implies that about 95 out of 100 similarly constructed intervals will include the parameter being estimated.
(iii) For a sampling distribution of the means, 95% percent of the means would be between 1.96 standard deviations.
Significant Savings
Describes a substantial reduction in costs or expenses, often through discounts, efficient budgeting, or cost-effective solutions.
Merchandise Offered
The range of products available for sale by a retailer.
Premium
an amount paid in addition to the standard price for something, often for insurance or for access to extra features or services.
California Pistachio
A type of pistachio nut that is cultivated in California, known for its high quality and distinct flavor.
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