Question: In the next 10 years, there will be the largest intergenerational wealth transfer in Canadian history, and the amount will likely grow over the next

In the next 10 years, there will be the largest intergenerational wealth transfer in Canadian history, and the amount will likely grow over the next decade. There are 2.5 million Canadians 75 and older and when they pass on their sons, daughters, and grandchildren will inherit. To determine the size of the transfer, a random sample of Canadians 75 and older were asked for their net worth. Estimate with 95% confidence the total amount that will be transferred.

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