The Federal Election Commission (FEC) collects information about campaign contributions and disbursements for candidates and political...

The Federal Election Commission (FEC) collects information about campaign contributions and disbursements for candidates and political committees each election cycle. A political action committee (PAC) is a committee formed to raise money for candidates and campaigns. A Leadership PAC is a PAC formed by a federal politician (senator or representative) to raise money to help other candidates’ campaigns. The FEC has reported financial information for 556 Leadership PACs that were operating during the 2011-2012 election cycle. A random selection of 26 Leadership PACs shows a mean of $251,854.23 with a sample standard deviation of $521,130.41.

Use this information to construct a 96% confidence interval for the mean amount of money raised by all Leadership PACs during the 2011–2012 election cycle.

Can you show the work please, thank you!

Expert Solution

orchestra answered 1 year ago

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