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In a simple random sample of 120 Kansas seniors you found the mean out-of-pocket health care expenses for 2008 to be $4, 897. Assume =
In a simple random sample of 120 Kansas seniors you found the mean out-of-pocket health care expenses for 2008 to be $4, 897. Assume = 2,125. i) How many people would you have to sample to estimate the mean out-of-pocket health care expenses in 2008 for all Kansas seniors to within $200 with 99% confidence? (5 points) ii) Calculate and interpret a 98% confidence interval for the mean out-of-pocket health care expenses in 2008 for all Kansas seniors. (5 points) iii) What is the margin of error for the interval calculated in part
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