MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $40 and standard deviation of $19. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level).
Give your answers to one decimal place. Provide the point estimate and margin or error.
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