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In a survey, 11 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean
In a survey, 11 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $50 and standard deviation of $13. Estimate how much a typical parent would spend on their child's birthday gift (use a 95% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.
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