In a sample of 61 U.S. adults aged 18-24 who celebrate Halloween, the mean amount spent on a costume was $44.4 with a standard deviation of $12.75. Round answers to at least 4 decimal places.
a) What parameter are we estimating? â—» 7
\sigma
b) We can work this problem because: â—»
\sigma
c) What is the point estimate of that parameter? â—»
700
d) What is the standard deviation of the sampline distribution for the sample neans? â—» 8
e) Find the margin of error for a 90% confidence intelval for the true arerage amount spent on a costume.
â—»
We are 90% confident that the true average amount spent on a Halloween costume for U.S. adults aged 18-24 is between 5 â—» and \xi q, Do not round between steph, and round answer to 4 decimal places.