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The police department in your city was asked by themayor's office to estimate the cost...

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Basic Math

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The police department in your city was asked by themayor's office to estimate the cost of crime. Thepolice began their study with burglary records, takinga random sample of 500 files since there were toomany crime records to calculate statistics for all of thecrimes committed. If the average dollar loss in aburglary, for this sample size 500 is $678, with astandard deviation of $560, construct the 95%confidence interval for the true average dollar loss inburglaries rounded to the nearest dollar amount. Wecan be 95% confident that the upper limit of ourinterval of dollar loss in crimes committed is

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