The Federal Election Commission collects information about campaign contributions and disbursements for candidates and political committees each election cycle. During the 2012 campaign season, there were 1,619 candidates for the House of Representatives across the United States who received contributions from individuals. The table shows the total receipts from individuals for a random selection of 40 House candidates rounded to the nearest $100. The standard deviation for this data to the nearest hundred is o = $909, 200. $3,600 $1,243,900 $10,900 s385,200 $581,500 $400 $7,400 $2,900 $3,714,500 $632,500 $391,000 $467,400 $56,800 $5,800 $468,700 $75,200 $405,200 $41,000 $733,200 $8,000 $13,300 $9,500 $353,900 $986,100 $953,800 $1,113,500 $1,109,300 $88,600 $378,200 $13,200 $745,100 $5,800 $512,900 $2,309,200 $6,600 a. Find the point estimate for the population mean. b. Using 95% confidence, calculate the error bound. $3,800 $3,072,100 $1,626,700 $202,400 $15,800 c. Create a 95% confidence interval for the mean total individual contributions.
The Federal Election Commission collects information about campaign contributions and disbursements for candidates and political committees each election cycle. During the 2012 campaign season, there were 1,619 candidates for the House of Representatives across the United States who received contributions from individuals. The table shows the total receipts from individuals for a random selection of 40 House candidates rounded to the nearest $100. The standard deviation for this data to the nearest hundred is o = $909, 200. $3,600 $1,243,900 $10,900 s385,200 $581,500 $400 $7,400 $2,900 $3,714,500 $632,500 $391,000 $467,400 $56,800 $5,800 $468,700 $75,200 $405,200 $41,000 $733,200 $8,000 $13,300 $9,500 $353,900 $986,100 $953,800 $1,113,500 $1,109,300 $88,600 $378,200 $13,200 $745,100 $5,800 $512,900 $2,309,200 $6,600 a. Find the point estimate for the population mean. b. Using 95% confidence, calculate the error bound. $3,800 $3,072,100 $1,626,700 $202,400 $15,800 c. Create a 95% confidence interval for the mean total individual contributions.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Use up to 2-4 decimal places.
Ensure complete solutions.
Enclose your final answer in a box.

Transcribed Image Text:The Federal Election Commission collects information about campaign
contributions and disbursements for candidates and political committees each
election cycle. During the 2012 campaign season, there were 1,619 candidates
for the House of Representatives across the United States who received
contributions from individuals. The table shows the total receipts from
individuals for a random selection of 40 House candidates rounded to the
nearest $100. The standard deviation for this data to the nearest hundred is
o = $909, 200.
$3,600 $1,243,900 $10,900 $385,200
$7,400 $2,900
$391,000 $467,400 $56,800 $5,800
$733,200 $8,000
$13,300 $9,500
$353,900 $986,100 $88,600 $378,200 $13,200
$3,800 $745,100 $5,800 $3,072,100 $1,626,700
$512,900 $2,309,200 $6,600
$581,500
$3,714,500 $632,500
$400
$405,200
$41,000
$953,800 $1,113,500 $1,109,300
$468,700 $75,200
$202,400 $15,800
a. Find the point estimate for the population mean.
b. Using 95% confidence, calculate the error bound.
c. Create a 95% confidence interval for the mean total individual
contributions.
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