document.write( "Question 1118453: The employees of Electronics Inc. would like to have a dental plan as part of their benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses? A sample of 46 employees reveals the mean amount spent last year was $1900, with a standard deviation of $630.\r
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document.write( "a. Construct a 98% confidence interval for the population mean. (Round the final answers to the nearest whole dollar.\r
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Algebra.Com's Answer #733831 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The employees of Electronics Inc. would like to have a dental plan as part of their benefits package. The question is: How much does a typical employee and his or her family spend per year on dental expenses? A sample of 46 employees reveals the mean amount spent last year was $1900, with a standard deviation of $630. \r \n" ); document.write( "\n" ); document.write( "a. Construct a 98% confidence interval for the population mean. (Round the final answers to the nearest whole dollar. \n" ); document.write( "------ \n" ); document.write( "sample mean:: 1900 \n" ); document.write( "Margin of Error:: z(s/sqrt(n)) = 2.3263(630/sqrt(46)) = 216 \n" ); document.write( "----- \n" ); document.write( "98% CI:: 1900-216 < u < 1900+216 \n" ); document.write( "98% CI:: 1684 < u < 2116 \n" ); document.write( "------------ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------- \n" ); document.write( " |