document.write( "Question 1153117: 1. According to the IRS, for 2014, the average total itemized deductions that were taken was $25,230. This average was based on a sample of 20 individuals that took an itemized deduction. The standard deviation for this sample was $3,200. Assume that the data approximates a normal curve. Find a 98% confidence interval for the true population mean. please show steps with cakculator \n" ); document.write( "
Algebra.Com's Answer #775329 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! the half-interval is a t df=19,0.99*s/sqrt(n) \n" ); document.write( "=2.539*3200/sqrt(20)=1816.76\r \n" ); document.write( "\n" ); document.write( "add and subtract from mean \n" ); document.write( "($23413, $27047)\r \n" ); document.write( "\n" ); document.write( "Find t by using the table or STAT TESTS 8 (T interval) \n" ); document.write( "Then put in mean 0, sd sqrt(20)n-20 and .98 for CI \n" ); document.write( "That is where the 2.539 comes from \n" ); document.write( "then use T-interval again to get the CI. \n" ); document.write( " |