Suppose that in a sample of 100 college students in Illinois, the mean credit card debt was $377 and the standard deviation was $106. Suppose that we also have reason to believe (from previous studies) that the population standard deviation of credit card debts for this group is $125. Use this information to calculate a 99% confidence interval for the mean credit card debt of all college students in Illinois. Round all answers to the nearest hundredth. (a) = 377 (b) s = 106 (C) o = 125 (d) n = 100 OP Enter DNE if this is unknown. Enter DNE if this is unknown. (e) Critical Value z (f) Find the 99% confidence interval and complete the sentence below. ✓ ✓= Conclusion: We estimate with 99 Illinois, is between S and S % confidence that the mean credit card debt of all college students in

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Author:Amos Gilat
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Suppose that in a sample of 100 college students in Illinois, the mean credit card debt was $377 and the standard
deviation was $106. Suppose that we also have reason to believe (from previous studies) that the population standard
deviation of credit card debts for this group is $125. Use this information to calculate a 99% confidence interval for the
mean credit card debt of all college students in Illinois. Round all answers to the nearest hundredth.
(a) = 377
T
(b) s = 106
(C)σ= 125
(d) n = 100
Tama
Enter DNE if this is unknown.
Enter DNE if this is unknown.
(e) Critical Value z
() Find the 99% confidence interval and complete the sentence below.
✓ ✓=
Conclusion: We estimate with 99
Illinois, is between S
and S
20
% confidence that the mean credit card debt of all college students in
Transcribed Image Text:Suppose that in a sample of 100 college students in Illinois, the mean credit card debt was $377 and the standard deviation was $106. Suppose that we also have reason to believe (from previous studies) that the population standard deviation of credit card debts for this group is $125. Use this information to calculate a 99% confidence interval for the mean credit card debt of all college students in Illinois. Round all answers to the nearest hundredth. (a) = 377 T (b) s = 106 (C)σ= 125 (d) n = 100 Tama Enter DNE if this is unknown. Enter DNE if this is unknown. (e) Critical Value z () Find the 99% confidence interval and complete the sentence below. ✓ ✓= Conclusion: We estimate with 99 Illinois, is between S and S 20 % confidence that the mean credit card debt of all college students in
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