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 $37, with a standard deviation of $7. Construct a 99% confidence interval estimate for the population one-time gift donation.
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 $37, with a standard deviation of $7. Construct a 99% confidence interval estimate for the population one-time gift donation.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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 $37, with a standard deviation of $7. Construct a 99% confidence
Expert Solution
Step 1: Determine the given data
From the provided information,
Confidence level = 99%
Step by step
Solved in 3 steps with 4 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman