In a survey, 24 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $47 and standard deviation of $16. The best point estimate for u is The margin of error for a 95% confidence interval is Give your answers to one decimal place. Submit Question

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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In a survey, 24 people were asked how much they spent on their child’s last birthday gift. The results were roughly bell-shaped with a mean of $47 and standard deviation of $16.

The best point estimate for μ is [blank].

The margin of error for a 95% confidence interval is [blank].

Give your answers to one decimal place.

[ Submit Question ]
Transcribed Image Text:In a survey, 24 people were asked how much they spent on their child’s last birthday gift. The results were roughly bell-shaped with a mean of $47 and standard deviation of $16. The best point estimate for μ is [blank]. The margin of error for a 95% confidence interval is [blank]. Give your answers to one decimal place. [ Submit Question ]
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