An accountant wants to estimate the average amount of an


1. Citibank Visa gives its cardholders "bonus dollars," which may be spent in partial payment for gifts purchased with the Visa card. The company wants to esti- mate the average amount of bonus dollars that will be spent by a cardholder enrolled in the program during a year. A trial run of the program with a random sample of 225 cardholders is carried out. The results are = $259.60 and = $52.00. Give a 95% con?dence interval for the average amount of bonus dollars that will be spent by a cardholder during the year.

2. An accountant wants to estimate the average amount of an account of a ser- vice company. A random sample of 46 accounts yields = $16.50 and = $2.20. Give a 95% con?dence interval for the average amount of an account.

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Basic Statistics: An accountant wants to estimate the average amount of an
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