Question: Please help with the question below. Americans spend nearly $7 billion on Halloween costumes and decorations. Sample data showing the amount, in dollars, 16 adults
Please help with the question below.
Americans spend nearly $7 billion on Halloween costumes and decorations. Sample data showing the amount, in dollars, 16 adults spent on a Halloween costume are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.
a. What is the point estimate of the population mean amount adults spend on a Halloween costume (to 2 decimals)?
$
b. What is the sample standard deviation (to 2 decimals)?
$
c. Provide a 95% confidence interval estimate of the population standard deviation for the amount adults spend on a Halloween costume (to 2 decimals)?
$ $
| Dollars Spent | Part a | Formula | ||||
| 12 | Mean | #N/A | ||||
| 71 | ||||||
| 24 | Part b | |||||
| 63 | Standard Deviation | #N/A | ||||
| 35 | ||||||
| 38 | Part c | |||||
| 34 | Degrees of Freedom | #N/A | ||||
| 46 | ||||||
| 51 | Lower Limit Critical Chi-square | #N/A | ||||
| 19 | Upper Limit Critical Chi-square | #N/A | ||||
| 12 | ||||||
| 99 | The 95% confidence interval | |||||
| 48 | C.I.Lower Limit | #N/A | ||||
| 35 | C.I.Upper Limit | #N/A | ||||
| 64 | ||||||
| 28 | ||||||
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