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Country Myanmar Ethiopia Burkina Faso Ghana India Kenya Nicaragua Guatemala Peru Algeria China Colombia Lebanon Ecuador Argentina Mexico Tunisia Venezuela, RB Brazil Turkey Greece Portugal United Arab Emirates Malta Spain Israel Italy United Kingdom Japan Ireland Finland Iceland Belgium New Zealand France Canada Germany Austria Netherlands Australia Denmark Sweden Luxembourg United States Norway Switzerland health $ per capita 20 27 35 58 75 78 178 233 359 362 420 569 569 579 605 677 785 923 947 1037 1743 2097 2405 2471 2658 2910 3258 3377 3703 4239 4612 4662 4884 4896 4959 5292 5411 5581 5694 6031 6463 6808 8138 9403 9522 9674 Find a 95% confidence interval...

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Verified Solution

Question

Statistics

Country
Myanmar
Ethiopia
Burkina Faso
Ghana
India
Kenya
Nicaragua
Guatemala
Peru
Algeria
China
Colombia
Lebanon
Ecuador
Argentina
Mexico
Tunisia
Venezuela, RB
Brazil
Turkey
Greece
Portugal
United Arab Emirates
Malta
Spain
Israel
Italy
United Kingdom
Japan
Ireland
Finland
Iceland
Belgium
New Zealand
France
Canada
Germany
Austria
Netherlands
Australia
Denmark
Sweden
Luxembourg
United States
Norway
Switzerland		health $ per capita
20
27
35
58
75
78
178
233
359
362
420
569
569
579
605
677
785
923
947
1037
1743
2097
2405
2471
2658
2910
3258
3377
3703
4239
4612
4662
4884
4896
4959
5292
5411
5581
5694
6031
6463
6808
8138
9403
9522
9674
  1. Find a 95% confidence interval for the mean amount of money percapita spent on healthcare. (To do this you will need to use thevariable health $ per capita in the Global HealthSummary data set.) Round your answer to the nearest cent.
  2. Describe what requirements must be met for this interval to bevalid and whether you think that this data set meets theserequirements.
  3. Using a complete sentence, interpret the meaning of theconfidence interval using the context of the problem.

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