A 95% confidence interval for estimating the mean amount of…
A 95% confidence interval for estimating the mean amount of money spent on gifts during the winter holidays for all U.S. adults in 2018 was ($1,025, $1,560) based on the sample results of 100 U.S. adults. a. Interpret the 95% confidence interval. [answer1] b. If 50 U.S. adults had been sampled instead of 100, which of the following is true? [answer2]
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