Question: The U. S. Census Bureau would like to estimate the average annual contributions to charity by the members of Generation Y (people born in the

The U. S. Census Bureau would like to estimate the ­average annual contributions to charity by the members of ­Generation Y (people born in the United States in the years 1981 through 1991). The following data show the annual contributions to charity for a random sample of 18 individuals in this age group. These data can also be found in the Excel file titled contributions. xlsx.

$25 $270 $60 $750 $415 $595 $390 $450 $400 $160 $192 $155

a. Construct a 95% confidence interval with these data to estimate the average annual contributions to charity for this age group.

b. What is the margin of error for this sample?

c. Verify your results using Excel.

$25 $270 $60 $750 $415 $595 $390 $450 $400 $160 $192 $155 $200 $460 $650 $510 $330 $225

Step by Step Solution

3.49 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a b ME p 164500239 00393 c ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

483-M-S-P-E (497).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!