Sixty-four randomly selected students who buy books for their courses each semester were asked how much they usually spend on books per academic year. This sample produced a mean of $1450 and a standard deviation of $300 for such annual expenses. Determine a 99% confidence interval for the corresponding population mean.

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Sixty-four randomly selected students who buy books for their courses each semester were asked how
much they usually spend on books per academic year. This sample produced a mean of $1450 and
a standard deviation of $300 for such annual expenses. Determine a 99% confidence interval for the
corresponding population mean.
Transcribed Image Text:Sixty-four randomly selected students who buy books for their courses each semester were asked how much they usually spend on books per academic year. This sample produced a mean of $1450 and a standard deviation of $300 for such annual expenses. Determine a 99% confidence interval for the corresponding population mean.
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