Math  /  Data & Statistics

QuestionIn a random sample of 49 audited estate tax returns, it was determined that the mean amount of additional tax owed was $3421\$ 3421 with a standard deviation of $2582\$ 2582. Construct and interpret a 90%90 \% confidence interval for the mean additional amount of tax owed for estate tax returns.
Find and interpret a 90\% confidence interval for the mean additional amount of tax owed for estate tax returns. Select the correct choice below and fill in the answer boxes to complete your choice. (Use ascending order. Round to the nearest dollar as needed.) A. There is a 90%90 \% probability that the mean additional tax owed is between $\$ \square and \ \squareB.Onecanbe B. One can be 90 \%confidentthatthemeanadditionaltaxowedisbetween confident that the mean additional tax owed is between \$$ $\square$ and \$ C. $90 \%$ of taxes owed for estate tax returns are between $\$$ $\square$ and \$ $\square$.

Studdy Solution
Interpret the confidence interval. The correct choice is:
B. One can be 90%90\% confident that the mean additional tax owed is between $2814\$2814 and $4028\$4028.
The 90% confidence interval for the mean additional amount of tax owed is $2814\$2814 to $4028\$4028.

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