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Name: The high price of medicines is a source of major expense for those sen
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Description: The high price of medicines is a source of major expense for those seniors in the United States who have to pay for these medicines themselves. A random sample of 1300 seniors who pay for their medicines showed that they spent an average of $4500 las

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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The high price of medicines is a source of major expense for those seniors in the United States who have to pay for these medicines themselves. A random sample of 1300 seniors who pay for their medicines showed that they spent an average of $4500 last year on medicines with a standard deviation of $500. Make a 99% confidence interval for the corresponding population mean.

Round your answers to cents.

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