Estimate of tolerances interval


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Q: The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by numbers of the sales force.

Sales force numbers

157
132
109
145
125
139

Calculate Mean, Variance, and Standard Deviation. Assuming that the distribution on entertainment expenses is approximately normally distributed, calculated estimate of tolerances interval containing 95.44%.

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Basic Statistics: Estimate of tolerances interval
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