In a random sample of 81 audited estate tax returns, it was determined that the mean amount of additional tax owed was $3486 with a standard deviation of $2517. Construct and interpret a 90%...


In a random sample of 81 audited estate tax returns, it was determined that the mean amount of additional tax owed was $3486 with a standard deviation of $2517.<br>Construct and interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns.<br>A Click the icon to view the t-distribution table.<br>The lower bound is S<br>(Round to the nearest dollar as needed.)<br>The upper bound is $. (Round to the nearest dollar as needed.)<br>Interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns. Choose the correct answer below.<br>O A. One can be 90% confident that the mean additional tax owed is between the lower and upper bounds.<br>O B. One can be 90% confident that the mean additional tax owed is less than the lower bound.<br>O C. One can be 90% confident that the mean additional tax owed is greater than the upper bound.<br>

Extracted text: In a random sample of 81 audited estate tax returns, it was determined that the mean amount of additional tax owed was $3486 with a standard deviation of $2517. Construct and interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns. A Click the icon to view the t-distribution table. The lower bound is S (Round to the nearest dollar as needed.) The upper bound is $. (Round to the nearest dollar as needed.) Interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns. Choose the correct answer below. O A. One can be 90% confident that the mean additional tax owed is between the lower and upper bounds. O B. One can be 90% confident that the mean additional tax owed is less than the lower bound. O C. One can be 90% confident that the mean additional tax owed is greater than the upper bound.

Jun 11, 2022
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