A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of 50 nonprofits, the mean one-time gift donation in the past year was $29, with a standard deviation of $9. Complete parts a and b below. a. Construct a 99% confidence interval estimate for the population one-time gift donation. sμ≤ (Type integers or decimals rounded to two decimal places as needed.) b. Interpret the interval constructed in (a). Choose the correct answer below. A. The quality improvement team can be 99% confident that the new population mean turnaround time is the midpoint of the confidence interval. B. The quality improvement team can be completely sure that the new population mean turnaround time is contained within the confidence interval. C. The quality improvement team can be 99% confident that the new population mean turnaround time is contained within the confidence interval. D. The quality improvement team can be completely sure that the new population mean turnaround time is the midpoint of the confidence interval.
A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of 50 nonprofits, the mean one-time gift donation in the past year was $29, with a standard deviation of $9. Complete parts a and b below. a. Construct a 99% confidence interval estimate for the population one-time gift donation. sμ≤ (Type integers or decimals rounded to two decimal places as needed.) b. Interpret the interval constructed in (a). Choose the correct answer below. A. The quality improvement team can be 99% confident that the new population mean turnaround time is the midpoint of the confidence interval. B. The quality improvement team can be completely sure that the new population mean turnaround time is contained within the confidence interval. C. The quality improvement team can be 99% confident that the new population mean turnaround time is contained within the confidence interval. D. The quality improvement team can be completely sure that the new population mean turnaround time is the midpoint of the confidence interval.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Transcribed Image Text:A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random
sample of 50 nonprofits, the mean one-time gift donation in the past year was $29, with a standard deviation of $9.
Complete parts a and b below.
a. Construct a 99% confidence interval estimate for the population one-time gift donation.
sus
(Type integers or decimals rounded to two decimal places as needed.)
b. Interpret the interval constructed in (a).
Choose the correct answer below.
A. The quality improvement team can be 99% confident that the new population mean turnaround time is the
midpoint of the confidence interval.
B. The quality improvement team can be completely sure that the new population mean turnaround time is
contained within the confidence interval.
C. The quality improvement team can be 99% confident that the new population mean turnaround time is
contained within the confidence interval.
O D. The quality improvement team can be completely sure that the new population mean turnaround time is the
midpoint of the confidence interval.
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