The results are 25960 and s 5200 give a 95 confidence


Question: 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 estimate 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 s = $52.00. Give a 95% confidence interval for the average amount of bonus dollars that will be spent by a cardholder during the year.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: The results are 25960 and s 5200 give a 95 confidence
Reference No:- TGS02489588

Now Priced at $15 (50% Discount)

Recommended (96%)

Rated (4.8/5)