Determine the specified confidence interval. An organization advocating for healthcare reform has estimated the average cost of providing healthcare for

Determine the specified confidence interval. An organization advocating for healthcare reform has estimated the average cost of providing healthcare for a senior citizen receiving Medicare to be about $13,000 per year. The article also stated that, with 90% confidence, the margin or error for the estimate is $1,000. Determine the resulting 90% confidence interval for the average cost for healthcare of a senior citizen receiving Medicare.

Leave a Reply

Your email address will not be published. Required fields are marked *