Merrill Lynch Securities and Health Care Retirement Inc. are two large employers in downtown Toledo, Ohio. 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
Let these values represent a random sample drawn from a normally distributed population. Find a90%confidence interval for the mean weekly child-care cost (you don’t have to show your calculations of the necessarysample statistics– use a device for that -- but give their values).Do showyour calculation the margin of error and CI. (12)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here