A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of 50 nonprofits, the mean​ one-time gift donation in the past year was ​$30​,with a standard deviation of $8.Complete parts a and b below. a. Construct a 95%confidence interval estimate for the population​ one-time gift donation   it's telling me this is incorrect , am I off in rounding?   MY ANSWER: You can be 95% confident that the population mean (μ) falls between 27.78 and 32.22.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of
50 nonprofits, the mean​ one-time gift donation in the past year was
​$30​,with a standard deviation of $8.Complete parts a and b below.
a. Construct a 95%confidence interval estimate for the population​ one-time gift donation
 
it's telling me this is incorrect , am I off in rounding?
 
MY ANSWER: You can be 95% confident that the population mean (μ) falls between 27.78 and 32.22.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman