Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is a sample of the planned expenditure on electronic mobile devices (cellphone, iPad, etc.) in the shopping season of 2020 from households in

image text in transcribed
The following is a sample of the planned expenditure on electronic mobile devices (cellphone, iPad, etc.) in the shopping season of 2020 from households in Bondi, NSW. Household ID01 ID02 ID03 ID04 ID05 ID06 ID07 ID08 ID09 ID10 ID11 ID12 ID Planned 6 3 4 4 5 3 8 4 2 5 5 5 expenditure (thousand dollars) For all the blanks below, please just input numerical answers, round the answers to 2 decimal places, and ignore the symbols of the dollar, percentage, comma etc. Also, note that the unit of the blanks are thousand, so you do not need to add "000" to your answer. Question (a) [1 mark] The point estimate of the mean expenditure is thousand dollars. Question (b) [1 mark] The sample standard deviation of the expenditure is thousand dollars. Question (c) [2 marks] The 95% confidence interval of the mean expenditure is from thousand dollars to thousand dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Mathematics questions

Question

Discuss three applications of Skinners research.

Answered: 1 week ago