Mathematics, 18.12.2020 21:00 kgflol5692

According to a bridal magazine, the average cost of a wedding reception for an American wedding is $8213. Assume that this average is based on a random sample of 450 weddings and that the standard deviation is $2185. a. What is the point estimate of the corresponding population mean?

b. Create and interpret a 98% confidence interval for the corresponding population mean.

c. What is the margin of error for the confidence interval you found in part b?

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