A sample of 40 people shows they spend an average of $15 per day with a sample

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A sample of 40 people shows they spend an average of $15 per day with a sample standard deviation of $2 per day. In which interval can we conclude that the population mean is in with 99% confidence level? *

From 13.827 to 16.173

From 12.839 to 17.161

From 14.144 to 15.856

From 13.417 to 16.583

Related Book For answer-question

Statistics for Management and Economics Abbreviated

ISBN: 978-1285869643

10th Edition

Authors: Gerald Keller

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Posted Date: Apr 20, 2021 01:00 PM

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A sample of 40 people shows they spend an average of $15 per day with a sample

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Since n 40 people were sample The standard error associated with the mean may be estim... View the full answer

Statistics for Management and Economics Abbreviated

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