document.write( "Question 1102141: a survey of 97 randomly selected homeowners found the the mean amount spent on lawn service was $720 per year. construct a 98% confidence interval for the mean amount of money spent on lawn service per household per year. assume the population standard deviation was $123 \n" ); document.write( "
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a survey of 97 randomly selected homeowners found the the mean amount spent on lawn service was $720 per year. construct a 98% confidence interval for the mean amount of money spent on lawn service per household per year. assume the population standard deviation was $123
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\n" ); document.write( "sample mean = $720
\n" ); document.write( "ME = 2.3263*123/sqrt(97) = 29.05
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\n" ); document.write( "98% CI:: 720-29.05 < u < 720+29.05
\n" ); document.write( "98% CI:: 690.95 < u < 749.05
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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