Question
Dollars Spent Part a Formula 11 Mean 41.31 =AVERAGE(A:A) 69 25 Part b 66 Standard Deviation 23.23 =STDEV.S(A:A) 30 37 Part c 33 Degrees of
Dollars Spent | Part a | Formula | |||
11 | Mean | 41.31 | =AVERAGE(A:A) | ||
69 | |||||
25 | Part b | ||||
66 | Standard Deviation | 23.23 | =STDEV.S(A:A) | ||
30 | |||||
37 | Part c | ||||
33 | Degrees of Freedom | 15 | =COUNT(A:A)-1 | ||
43 | |||||
53 | Lower Limit Critical Chi-square | 18.2451 | =CHISQ.INV.RT(0.25,D8) | ||
19 | Upper Limit Critical Chi-square | 6.2621 | =CHISQ.INV.RT(0.975,D8) | ||
13 | |||||
97 | The 95% confidence interval | ||||
43 | C.I.Lower Limit | 21.06 | =SQRT(D8*D5^2/D10) | ||
33 | C.I.Upper Limit | 35.95 | =SQRT(D8*D5^2/D11) | ||
63 | |||||
26 |
Americans spend nearly $7 billion on Halloween costumes and decorations. Sample data showing the amount, in dollars, 16 adults spent on a Halloween costume are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.
a. What is the point estimate of the population mean amount adults spend on a Halloween costume (to 2 decimals)? $41.31
b. What is the sample standard deviation (to 2 decimals)? $23.23
c. Provide a 95% confidence interval estimate of the population standard deviation for the amount adults spend on a Halloween costume (to 2 decimals)?
$21.06 $35.95
It is telling me that $21.06 in the 95% confidence is wrong. Can you help me figure out what I did wrong?
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