A marketing firm wants to estimate the average amount spent by patients at the hospital pharmacy. Fo
Question: A marketing firm wants to estimate the average amount spent by patients at the hospital pharmacy. For a sample of 80 randomly selected patients, the mean amount spent was $74.20 and the standard deviation was $11.45.
a) Find a 95% confidence interval for the mean amount spent by patients at the pharmacy. Show your calculations.
b) Interpret this confidence interval and write a sentence that explains it.
Price: $2.99
Solution: The answer consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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