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A business is concerned about the size of expenses claims being made by its staff. If the mean claim is over £240 they will need to take some action to stop staff spending so much. A random sample of 400 expenses claims had a mean value of £230 and a standard deviation of £42.

\n

Calculate confidence intervals for the ‘true mean’ size of expenses claims

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with 95% confidence

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(£225.88, £234.12)

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(£225.00, £235.00)

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(£224.88, £235.12)

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(£225.20, £234.35)

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with 99% confidence

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