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Next <Prev Question 8 View Policies Current Attempt in Progress The high price of medicines is a source of major expense for
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The solution is done showing all steps with formulas and required explanations. For your better understanding a Z-table is also attached. Hope you can understand.

Random sample of size = 1700 Average (a) = $4900 Standard Deviation (s) - $900 Confidence Level = 99% Here the sample size is

Z-score table -

Z-score Confidence Level 50% 0.674 80% 1.282 90% 1.645 95% 1.960 98% 2.326 99% 2.576

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