Determine the mean amount spent on birthday gifts


A study was conducted to determine the mean amount spent on birthday gifts for typical family having two children. A sample of 190 was taken, and the mean amount spent was $234.01. Supposing a standard deviation equal to $35.51, determine the 98% confidence interval for m, the mean for all such families (show all work).

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Basic Statistics: Determine the mean amount spent on birthday gifts
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