(See Solution) A research firm conducted a study a survey to determine the dollar amount college students spend per week on non-alcoholic beverages. The


Question: A research firm conducted a study a survey to determine the dollar amount college students spend per week on non-alcoholic beverages. The population follows a normal distribution with a population standard deviation of $5. A sample of 49 college students revealed the sample mean to be $20. What is the 95% confidence estimate for the population mean? Write an interpretation of your findings.

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