The high price of medicines is a source of major expense for those seniors in the United States who have to pay for these medicines themselves. A random sample of 1800 seniors who pay for their medicines showed that they spent an average of $4400 last year on medicines with a standard deviation of $900.
a) Make a 95% confidence interval for the corresponding population mean.
b) Suppose the confidence interval obtained in part a is too wide. How can the width of this interval be reduced? Discuss allpossible alternatives. Which alternative is the best?