Mean health care expenditure per month


The high cost of health care is matter of major concern for large number of families. A random sample of 25 families chosen from area showed that they spend average of $253 per month on health care with the standard deviation of $47. Make a 98% confidence interval for mean health care expenditure per month incurred by all families in this area. Suppose that the monthly health care expenditures of all families in this area have a normal distribution.

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Basic Statistics: Mean health care expenditure per month
Reference No:- TGS0855657

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