Chapter 8, Problem 109H

The Federal Election Commission (FEC) collects Information about campaign contributions and disbursements for candidates and political cornrnlnees each election cycle. A political action committee (PAC) Is a committee formed to raise money for candidates and campaigns. A Leadership PAC Is a PAC formed by a federal politician (senator or representative) to raise money to help other candidates’ campaigps.

The FEC has teported financial information for 556 Leadership PACs that operating during the 2011—2012 election cycle. The following table shows the total receipts during this cycle for a random selection of 30 Leadership PACs.

Table 8.12

= $251. 854.23

s= $521. 130.41

Use this sample data to construct a 96% confidence interval for the mean amount of money raised by all Leadership PACs during the 2011—20 12 election cycle. Use the Student’s t-distrlbutlon.

$46.500.00	$0	$40,966.50	$105,887.20	$5175.00
$29,050.00	$19,500.00	$181,557.20	$31,500.00	$149,970.80
$2.555.363.20	$12025.00	$409,000.00	$60521.70	$18,000.00
$61,810.20	$76,530.80	$119459.20	$0	$63,520.00
$6,500.00	$502,578.00	$705061.10	$708,258.90	$135,810.00
$2,000.00	$2,000.00	$0	$1,287,933.80	$219148.30