Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dataset Available: Download Setters.xlsx You may need to use the appropriate appendix table or technology to answer this question. Money reports that the average

image text in transcribed

Dataset Available: Download Setters.xlsx You may need to use the appropriate appendix table or technology to answer this question. Money reports that the average annual cost of the first year of owning and caring for a large dog in 2017 is $1,448. The Irish Red and White Setter Association of America has requested a study to estimate the annual first-year cost for owners of this breed. A sample of 50 will be used. Based on past studies, the population standard deviation is assumed known with = $265. 1,902 2,042 1,936 1,817 1,504 1,572 1,532 1,907 1,882 2,153 1,945 1,335 2,006 1,516 1,839 1,739 1,456 1,958 1,934 2,094 1,739 1,434 1,667 1,679 1,736 1,670 1,770 2,052 1,379 1,939 1,854 1,913 2,163 1,737 1,888 1,737 2,230 2,131 1,813 2,118 1,978 2,166 1,482 1,700 1,679 2,060 1,683 1,850 2,232 2,294 (a) What is the margin of error for a 95% confidence interval of the mean cost in dollars of the first year of owning and caring for this breed? (Round your answer to nearest cent.) 73.44 (b) The DATAfile Setters contains data collected from fifty owners of Irish Setters on the cost of the first year of owning and caring for their dogs. Use this data set to compute the sample mean. Using this sample, what is the 95% confidence interval for the mean cost in dollars of the first year of owning and caring for an Irish Red and White Setter? (Round your answers to nearest cent.) $ 1,783.52 X to $ 1,930.40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Linear Algebra

Authors: Peter J. Olver, Cheri Shakiban

1st edition

131473824, 978-0131473829

More Books

Students also viewed these Mathematics questions

Question

1. Speak privately if possible; dont threaten.

Answered: 1 week ago

Question

21. What is a gigapop?

Answered: 1 week ago