In a survey, 16 people were asked how much they spent on their child's last birthday gift. The results wereroughly bell-shaped with a mean of $33 and standard deviation of $7. Find the margin of error at a 98%confidence level.Give your answer to two decimal places.

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Answered: In a survey, 16 people were asked how…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In a survey, 16 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $33 and standard deviation of $7. Find the margin of error at a 98% confidence level. Give your answer to two decimal places.