Question

In: Statistics and Probability

Credit card debt is becoming a big problem for people in the United States. You surveyed...

Credit card debt is becoming a big problem for people in the United States. You surveyed 25 people and found that their average amount of credit card debt was $12,455. From previous studies, the population standard deviation is $3,500. Find the 92% confidence interval for the true mean credit card debt of the population.

Solutions

Expert Solution

z0.04 = 1.7507


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