Question

Is the average amount spent on textbooks per semester by accounting majors significantly

Answer 1

A confidence interval is simply the range of estimates for an unknown parameter, which is defined as an interval with a lower bound and an upper bound.

What is a confidence interval?

Your information is incomplete as the data is not given. Therefore, an overview of the confidence interval will be given.

A 90% confidence interval means that the researcher is 90% confident that the values of the results will simply fall between the upper and lower limits if the procedure is repeated again.

You can find a confidence level for data by simply taking half of the size of the confidence interval, then multiplying it by the square root of the sample size, and then dividing by the sample standard deviation.

Finally, look up the resulting ​Z​ or ​t​ score in a table in order to find the level.

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