Mean amount spent on birthday gifts


A study was conducted to determine the mean amount spent on birthday gifts for a typical family having two children. A sample of 195 was taken, and the mean amount spent was $182.25. Supposing a standard deviation equal to $42.16, find out the 95% confidence interval for μ, the mean for all such families.

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Basic Statistics: Mean amount spent on birthday gifts
Reference No:- TGS0846993

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