A study was conducted to estimate the mean amount spent on birthday gifts for a typical family havin


Question: A study was conducted to estimate the mean amount spent on birthday gifts for a typical family having two children. A sample of 175 was taken, and the mean amount spent was $250. Assuming a standard deviation equal to $45, find the 95% confidence interval for m, the mean for all such families. (4 pts)

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Solution Format: Word Document

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