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							Fri  3 Aug, 2007 05:26 am
						
						
					
					
					
						An accounting firm recently stated:
"The client's mean sales per customer is estimated to be between $14.50 and $28.50. Further this estimate is based on a random sample of 100 customers and was computed using 95% confidence. 
Discuss the appropriateness of this statement. What is the correct interpretation of this confidence interval?