Question
Expenditure : Food 1. Confidence Interval Analysis: For one expenditure variable, select and run the appropriate method for estimating a parameter, based on a statistic
Expenditure : Food
1.Confidence Interval Analysis: For one expenditure variable, select and run the appropriate method for estimating a parameter, based on a statistic (i.e., confidence interval method) and complete the following table (Note: Format follows Kozak outline): They spent 6900 annually on food.
Table 2: Confidence Interval Information and Results
Name of Variable: Food
State the Random Variable and Parameter in Words:
Confidence interval method including confidence level and rationale for using it:
State and check the assumptions for confidence interval:
Method Used to Analyze Data:
Find the sample statistic and the confidence interval:
Statistical Interpretation:
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