In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $45 and standard deviation of $8. Find the margin of error at a 98% confidence level. Give your answer to two decimal places.

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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In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results
were roughly bell-shaped with a mean of $45 and standard deviation of $8. Find the margin of error
at a 98% confidence level.
Give your answer to two decimal places.
Transcribed Image Text:In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $45 and standard deviation of $8. Find the margin of error at a 98% confidence level. Give your answer to two decimal places.
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