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 1100 seniors who pay for their medicines showed that they spent an average of $4900 last year on medicines with a standard deviation of $500. Make a 95% confidence interval for the corresponding population mean. Round your answers to cents. $ i to $ i

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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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 1100 seniors who pay for their medicines showed that they spent an average of $4900 last year on
medicines with a standard deviation of $500. Make a 95% confidence interval for the corresponding population mean.
Round your answers to cents.
$ i
to $ i
Transcribed Image Text: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 1100 seniors who pay for their medicines showed that they spent an average of $4900 last year on medicines with a standard deviation of $500. Make a 95% confidence interval for the corresponding population mean. Round your answers to cents. $ i to $ i
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