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September 14, 2022

Confidence Intervals in Business

MATH534 Applied Managerial Statistics

Week 4 Discussion

Confidence Intervals in Business

Consider when businesses might use confidence intervals to estimate values, such as in sales projections, marketing results, and so forth. Describe a business decision that could be helped with confidence intervals. Be specific! Then create a problem with numbers from which another student could calculate a confidence interval and make a decision.

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