A research firm conducted a survey to determine the mean amount Americans spend on coffee during a week. They found the distribution of weekly spending followed the normal distribution with a population standard deviation of $5. A sample of 49 Americans revealed that X = $20. a. What is the point estimate of the population mean? Estimated population mean b. Using the 95% level of confidence, determine the confidence interval for u. (Round your answers to 2 decimal places.) Confidence interval for the population mean is and

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A research firm conducted a survey to determine the mean amount Americans spend on coffee during a week. They found the
distribution of weekly spending followed the normal distribution with a population standard deviation of $5. A sample of 49 Americans
revealed that X = $20.
a. What is the point estimate of the population mean?
Estimated population mean
b. Using the 95% level of confidence, determine the confidence interval for μ. (Round your answers to 2 decimal places.)
Confidence interval for the population mean
is
and!
Transcribed Image Text:A research firm conducted a survey to determine the mean amount Americans spend on coffee during a week. They found the distribution of weekly spending followed the normal distribution with a population standard deviation of $5. A sample of 49 Americans revealed that X = $20. a. What is the point estimate of the population mean? Estimated population mean b. Using the 95% level of confidence, determine the confidence interval for μ. (Round your answers to 2 decimal places.) Confidence interval for the population mean is and!
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