In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results were roughly bell- shaped with a mean of $34 and standard deviation of $17. Estimate how much a typical parent would spend on their child's birthday gift (use a 80% confidence level).

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $34 and a standard deviation of $17. Estimate how much a typical parent would spend on their child's birthday gift (use a 80% confidence level).

Give your answers to one decimal place. Provide the point estimate and margin of error.

(Point estimate box)

±

(Margin of error box)
Transcribed Image Text:In a survey, 12 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $34 and a standard deviation of $17. Estimate how much a typical parent would spend on their child's birthday gift (use a 80% confidence level). Give your answers to one decimal place. Provide the point estimate and margin of error. (Point estimate box) ± (Margin of error box)
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