In a survey, 25 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $49.5 and standard deviation of $15.9. Estimate how much a typical parent would spend on their child's birthday gift (use a 98% confidence level). Give your answers to 3 decimal places.
Express your answer in the format of
E.
$49.5Correct $
7.41
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