Question: (8 pts) To better understand how each age group spends on health, construct the 95% confidence interval for the average health dollars in each of

  1. (8 pts) To better understand how each age group spends on health, construct the 95% confidence interval for the average health dollars in each of the age groups across all years. This will be seven confidence intervals total. Round your answers to three digits. What can be concluded about the average amounts of health dollars spent across these groups? CALCULATE MOE
Age Group Point Estimate MOE 95% CI for the mean health dollars in age group
0 - 17 5318.535
18 - 25 19816.419
26 - 34 20970.086
35 - 44 13432.291
45 - 54 11823.464
55 - 64 11632.356
65+ 25245.209
-- health dollars
mean 16130.520
median 15189.500
st dev 7219.531
min 3289.000
max 44009.000
range 40720.000

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