In a survey, 25 people were asked how much they spent on their child's last...

80.2K

Verified Solution

Question

Basic Math

image

In a survey, 25 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $41 and a standard deviation of $5. Find the margin of error, E, at a 90% confidence level. (Hint: Use of the Confidence Intervals (XLS) Template (download) or Mean Confidence Interval Website is recommended.) A. 1.711 B. 1.645 C. 1.28 D.0.9

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students