Day Care Tuition A random sample of 50 four-year-olds attending day care centers provided a yearly tuition average of $3911 and the population standard deviation of $620. Part 1 of 2 Find the 99% confidence interval of the true mean, Round your answers to the nearest whole number. 3685 <µ < S 4137 Part: 1/2 Part 2 of 2 If a day care center were starting up and wanted to keep tuition low, what would be a reasonable amount to charge? Round your answer to the nearest hundred. would be a reasonable amount to charge.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Day Care Tuition A random sample of 50 four-year-olds attending day care centers provided a yearly tuition average of $3911
and the population standard deviation of $620.
Part 1 of 2
Find the 99 % confidence interval of the true mean. Round your answers to the nearest whole number.
S 3685 <u <$ 4137
do
Part: 1/2
Part 2 of 2
If a day care center were starting up and wanted to keep tuition low, what would be a reasonable amount to charge? Round
your answer to the nearest hundred.
24
would be a reasonable amount to charge.
Transcribed Image Text:Day Care Tuition A random sample of 50 four-year-olds attending day care centers provided a yearly tuition average of $3911 and the population standard deviation of $620. Part 1 of 2 Find the 99 % confidence interval of the true mean. Round your answers to the nearest whole number. S 3685 <u <$ 4137 do Part: 1/2 Part 2 of 2 If a day care center were starting up and wanted to keep tuition low, what would be a reasonable amount to charge? Round your answer to the nearest hundred. 24 would be a reasonable amount to charge.
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