Question: 8.2 Margin of Error for Mean with Unknown (t-table) In a survey, 16 people were asked how much they spent on their child's last birthday
8.2 Margin of Error for Mean with Unknown (t-table) In a survey, 16 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $37 and standard deviation of $10. Find the margin of error at a 95% confidence level. Round to 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
