Question: Merrill Lynch Securities and Health Care Retirement Inc. are two large employers in downtown Toledo. 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% confidence interval for the population mean. Interpret the result.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document