Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with the question below. Americans spend nearly $7 billion on Halloween costumes and decorations. Sample data showing the amount, in dollars, 16 adults

Please help with the question below.

Americans spend nearly $7 billion on Halloween costumes and decorations. Sample data showing the amount, in dollars, 16 adults spent on a Halloween costume are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.

a. What is the point estimate of the population mean amount adults spend on a Halloween costume (to 2 decimals)?

$

b. What is the sample standard deviation (to 2 decimals)?

$

c. Provide a 95% confidence interval estimate of the population standard deviation for the amount adults spend on a Halloween costume (to 2 decimals)?

$ $

Dollars Spent Part a Formula
12 Mean #N/A
71
24 Part b
63 Standard Deviation #N/A
35
38 Part c
34 Degrees of Freedom #N/A
46
51 Lower Limit Critical Chi-square #N/A
19 Upper Limit Critical Chi-square #N/A
12
99 The 95% confidence interval
48 C.I.Lower Limit #N/A
35 C.I.Upper Limit #N/A
64
28

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Advanced Engineering Mathematics

Authors: Dennis G Zill, Warren S Wright

5th Edition

1449679781, 9781449679781

More Books

Students also viewed these Mathematics questions