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Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49

Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49 Sample mean $140 $125 Population standard deviation $10 $8 Refer to Exhibit 10-6. At 95% confidence, the margin of error is O 1.694 O 3.32 1.96 15
Transcribed Image Text:Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49 Sample mean $140 $125 Population standard deviation $10 $8 Refer to Exhibit 10-6. At 95% confidence, the margin of error is O 1.694 O 3.32 1.96 15
Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49 Sample mean $140 $125 Population standard deviation $10 $8 Refer to Exhibit 10-6. A point estimate for the difference between the mean purchases of the users of the two credit cards (Store's Card – Major Credit Card) is 2 18 265 O 15
Transcribed Image Text:Exhibit 10-6 The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Assume the samples were selected randomly. Store's Card Major Credit Card Sample size 64 49 Sample mean $140 $125 Population standard deviation $10 $8 Refer to Exhibit 10-6. A point estimate for the difference between the mean purchases of the users of the two credit cards (Store's Card – Major Credit Card) is 2 18 265 O 15
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