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In a survey, 28 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, 28 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $8. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.

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