Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 10, 2024

Please answer this one question correctly. In a survey, 31 people were asked how much they spent on their child last birthday gift. The results

Please answer this one question correctly.

In a survey, 31 people were asked how much they spent on their child last birthday gift. The results were roughly bell- shaped with a mean of $48 and standard deviation of $3. Construct a confidence interval at a 80% confidence interval

Give your answers to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

12th edition

134697022, 9780134313795 , 978-0134697024

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Discuss goal congruence and how it impacts the decision to decentralize.

Answered: 1 week ago

Question

★★★★★

Describe standard costs. Explain the benefits of using a standard cost system at a well-known company.

Answered: 1 week ago

Question

★★★★★

1. Why did Boeing adopt the radical change approach for designing and developing the 787 Dreamliner? What were the risks? In your opinion, was it a good move? Defend your choice.

Answered: 1 week ago

Question

★★★★★

Skyler Company was organized on November 1 of the previous year. After seven months of start-up losses, management had expected to earn a profit during June, the most recent month. Management was...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Turner Corporation is considering the replacement of some equipment by a more eflicient, technologically advanced model. The new equipment costs $100,000, but the vendor has agreed to provide a...

Answered: 1 week ago

Question

★★★★★

I need your to make a decision. I am considering making a long term investment on a project. My initial investment would be $18,250 but the after tax cash inflows it should deliver back to my company...

Answered: 1 week ago

Question

★★★★★

Q1- The average market price is $753.44 per share and average book value per share is $89.61,. The average book value is estimated to grow at 1.74 percent. Determine the market price. Q2- Determine...

Answered: 1 week ago

Question

★★★★★

30 points Kumakari is a small furniture store. It has annual sales of $2,000,000. Beginning-of-year inventory (at cost) equals $375,000; ending inventory (at cost) is $325,000. The yearly purchases...

Answered: 1 week ago

Question

★★★★★

Which of the following reflects the recommended use of punctuation to join compound words in formal legal writing? If you aren't sure whether a word should be hyphenated, the best thing to do is look...

Answered: 1 week ago

Question

★★★★★

Question 1 (2 points) Given wonderful strides in the medical field, you hope to live forever! Upon retirement you wish to establish a perpetual income stream of $4000 per month. Assume the annual...

Answered: 1 week ago

Previous Question Next Question