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Merrill Lynch Securities and Health Care Retirement Inc. are two large employers in downtown Toledo, Ohio. They are considering jointly offering child care for their employees. As a part of the feasibility study, they wish to estimate the mean weekly child-care cost of their employees. A sample of 10 employees who use child care reveals the following amounts spent last week.

107 92 97 95 105 101 91 99 95 104

Develop a 90 percent confidence interval for the population mean. Interpret the result.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9368092

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