You draw one card from a standard deck of playing cards. If you pick a heart, you win $10. If you pick a face card, which is not a heart, you win $8. If you pick any other card you lose $6. What is the expected value of the game?

Arandom sample of 15 observations is used to estimate the population mean. the sample mean and the standard deviation are calculated as 172 and 63, respectively. assume that the population is normally distributed. a. with 99 confidence, what is the margin of error for the estimation of the population mean? b. construct the 99% confidence interval for the population mean. c. construct the 95% confidence interval for the population mean. d. construct the 83% confidence interval for the population mean. hint: you need to use excel function =t.inv.2t to find the value of t for the interval calculation.