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In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $14. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.

In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $14. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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 1GP
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Question 25: In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $14. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level).

Give your answers to one decimal place. Provide the point estimate and margin or error.

_______ ± _____

 

In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $14. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.
Transcribed Image Text:In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $46 and standard deviation of $14. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to one decimal place. Provide the point estimate and margin or error.
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