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STATISTICS In a survey, 10 people were asked how much they spent on their child's last...
STATISTICS
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 $31.2 and standard deviation of $14.7. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to 3 decimal places.
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