Find the 86% confidence interval of the population mean.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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Calculate the point estimate.

An independent researcher wishes to estimate the average amount of money a young professional spends in buying coffee in Starbucks each month. A sample of 164 young professionals who are regular customers of Starbucks found the mean to be P3200. Assuming that the standard deviation of the population is P215. Find the 86% confidence interval of the population mean.

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