Travelers pay taxes for flying, car rentals and hotels. The following data represent the total travel tax (in RM) for a 3-day business trip in eight randomly selected cities. 67.8178.6968.9984.3680.2486.14101.2799.29 Determine a point estimate for the population mean travel tax.Determine a point estimate for the population variance travel tax.Construct and interpret a 99% confidence interval to estimate the mean tax paid for a 3-day business trip.What would you recommend to a researcher who wants to increase the precision of the interval, but does not have access to additional data?

Name: Travelers pay taxes for flying, car rentals and hotels. The following
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Description: Travelers pay taxes for flying, car rentals and hotels. The following data represent the total travel tax (in RM) for a 3-day business trip in eight randomly selected cities. 67.8178.6968.9984.3680.2486.14101.2799.29 Determine a point estimate for th

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Travelers pay taxes for flying, car rentals and hotels. The following data represent the total travel tax (in RM) for a 3-day business trip in eight randomly selected cities.

67.81

78.69

68.99

84.36

80.24

86.14

101.27

99.29

Determine a point estimate for the population mean travel tax.
Determine a point estimate for the population variance travel tax.
Construct and interpret a 99% confidence interval to estimate the mean tax paid for a 3-day business trip.
What would you recommend to a researcher who wants to increase the precision of the interval, but does not have access to additional data?

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