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(8 pts) To better understand how each age group spends on health, construct the 95% confidence interval for the average health dollars in each of
- (8 pts) To better understand how each age group spends on health, construct the 95% confidence interval for the average health dollars in each of the age groups across all years. This will be seven confidence intervals total. Round your answers to three digits. What can be concluded about the average amounts of health dollars spent across these groups? CALCULATE MOE
| Age Group | Point Estimate | MOE | 95% CI for the mean health dollars in age group |
| 0 - 17 | 5318.535 | ||
| 18 - 25 | 19816.419 | ||
| 26 - 34 | 20970.086 | ||
| 35 - 44 | 13432.291 | ||
| 45 - 54 | 11823.464 | ||
| 55 - 64 | 11632.356 | ||
| 65+ | 25245.209 |
| -- | health dollars |
| mean | 16130.520 |
| median | 15189.500 |
| st dev | 7219.531 |
| min | 3289.000 |
| max | 44009.000 |
| range | 40720.000 |
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
