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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The Daytona Beach Tourism Commission is interested in the average amount of money a typical college student spends per day during spring break.They survey 35 students and find that the mean spending is $63.57 with a standard deviation of $17.32.
-Develop a 95% confidence interval for the population mean daily spending.
Continuity Correction
An adjustment made when using a continuous probability distribution to approximate a discrete distribution.
Binomial Random Variable
A type of discrete random variable that represents the number of successes in a fixed number of binary experiments.
Normal Curve
A bell-shaped curve that represents a distribution of probabilities of a continuous random variable.
Binomial Probability
The probability of obtaining a specific number of successes out of a fixed number of binary trials.
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