In a survey, 10 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $48 and standard deviation of $14. Construct a confidence interval at a 98% confidence level.
Give your answers to one decimal place.
Interpret your confidence interval in the context of this problem.
Give your answers to one decimal place.
Interpret your confidence interval in the context of this problem.