[See Solution] Merrill Lynch Securities and Health Care Retirement, Inc., are two large employers in downtown Toledo, Ohio. They are considering jointly
Question: Merrill Lynch Securities and Health Care Retirement, Inc., are two large employers in downtown Toledo, Ohio. They are considering jointly offering child care for their employees. As a part of the feasibility study, they wish to estimate the mean weekly child-care cost of their employees. A sample of 10 employees who use child care reveals the following amounts spent last week.
$107 $92 $97 $95 $105 $101 $91 $99 $95 $104
Develop a 90 percent confidence interval for the population mean. Interpret the result.
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