Are you worried about identity theft? If you do business mostly online, you may be in a

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Are you worried about identity theft? If you do business mostly online, you may be in a safer position as stated in the January 30, 2005, USA Today article, “Odds low for online theft.” In a telephone survey done by the Better Business Bureau and Javelin Strategy & Research, the average loss for online identity theft was $551 versus $4543 for paper identity theft. If the online average was based on a survey of 60 selected randomly from those who had experienced online identity theft, find the 95% confidence interval for the mean online identity theft amount. Assume the standard deviation is $180.

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