Intro Stats
Intro Stats
4th Edition
ISBN: 9780321826275
Author: Richard D. De Veaux
Publisher: PEARSON
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Chapter 18, Problem 22E

Credit card charges A credit card company takes a random sample of 100 cardholders to see how much they charged on their card last month. Here’s a histogram.

Chapter 18, Problem 22E, Credit card charges A credit card company takes a random sample of 100 cardholders to see how much

A computer program found that the resulting 95% confidence interval for the mean amount spent in March 2011 is (–$28,366.84, $90,691.49). Explain why the analysts didn’t find the confidence interval useful, and explain what went wrong.

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Intro Stats

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