A childcare agency was interested in examining the amount that families pay per child per month for childcare outside the home. A random sample of 64 families was selected and the mean and standard deviation were computed to be $675 and $80, respectively.
Find a 95% upper confidence bound for the true average amount spent per child per month on childcare outside the home.
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The Answer of A childcare agency was interested in examining the amount that families pay per child per month for childcare outside the home. A random sample of 64 families was selected and the mean and standard deviation were computed to be $675 and $80, respectively.
Find a 95% upper confidence bound for the true average amount spent per child per month on childcare outside the home.
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A Childcare Agency Was Interested in Examining the Amount That