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IN DESCRIBING CONFIDENCE INTERVALS ON A MEAN, Z AND T INTERVALS ARE FREQUENTLY MENTIONED. HOW ARE Z AND T CONFIDENCE INTERVALS DIFFERENT? CHOOSE ONE INTERVAL AND GIVE AN EXAMPLE OF HOW IT COULD BE APP – BUSINESS & FINANCE

In describing confidence intervals on a mean, z and t intervals are frequently mentioned. How are z and t confidence intervals different? Choose one interval and give an example of how it could be applied within an operations or production environment that is...