Suppose a Study of 196 Randomly Sampled Privately Insured Adults

Multiple Choice

Suppose a study of 196 randomly sampled privately insured adults with incomes over 200% of the current poverty level is to be used to measure out-of-pocket medical expenses for prescription drugs for this income class. The sample data are in the file Drug Expenses. Based on the sample data, construct a 95% confidence interval estimate for the mean annual out-of-pocket expenditures on prescription drugs for this income class. Interpret this interval.

A) (162.08, 172.96)
B) (163.50, 171.54)
C) (164.19, 170.85)
D) (161.97, 173.07)