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In the previous study, your best estimate for the average household income was $53,181, and a...

In the previous study, your best estimate for the average household income was $53,181, and a 95% confidence interval was ($49,261 , $57,101). Interpret this confidence interval.

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We are 95% confident that population mean $53181 is between  $49,261 and $57,101.

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