**Problem Statement**Assume that a sample is used to estimate the mean tip earned by a serving staff at a diner. Find the margin of error (M.E.) that corresponds to a sample of size 23 servers with a mean of $76.33 and a standard deviation of $6.23 at a confidence level of 99%.Report M.E. accurate to one decimal place because the sample statistics are presented with this accuracy.**Calculation**M.E. = $ [_______]**Explanation**This problem involves calculating the margin of error for the mean tip based on a sample of servers. The given data includes:- Sample size: 23- Sample mean: $76.33- Standard deviation: $6.23- Confidence level: 99%The goal is to determine the margin of error validated to one decimal place.

Given n=23 Mean=76.33 Standard deviation=6.23

Answered: Assume that a sample is used to…

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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please answer the question in the photo. Thank you
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