Question
Suppose that the amount of money spent per week on groceries is normally distributed with an unknown mean and standard deviation. A random sample of
Suppose that the amount of money spent per week on groceries is normally distributed with an unknown mean and standard deviation. A random sample of 20 grocery bills is taken and gives a sample mean of $79 and a sample standard deviation of $13.
df...1819202122t0.10...1.3301.3281.3251.3231.321t0.05...1.7341.7291.7251.7211.717t0.025...2.1012.0932.0862.0802.074t0.01...2.5522.5392.5282.5182.508t0.005...2.8782.8612.8452.8312.819
Find the margin of error for a95% confidence interval estimate for the population mean using the Student's t-distribution.
- Use the portion of the table above. Round the final answer to two decimal places.
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