Suppose we want to test whether there is a difference between the room rates of luxury hotels in New York versus Los Angeles. We collect data from 20 random luxury hotels in New York and 30 random luxury hotels in L.A. The standard deviation of the data from New York is $40 and the standard deviation of the data from L.A. is $50. What is the pooled- variance standard error for a test or confidence interval for the difference in the means? The standard error is Round your answer to two decimal places. Sp 1 V m + 1 n₂

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Suppose we want to test whether there is a difference between the room rates of luxury hotels in New York versus Los
Angeles. We collect data from 20 random luxury hotels in New York and 30 random luxury hotels in L.A. The standard
deviation of the data from New York is $40 and the standard deviation of the data from L.A. is $50. What is the pooled-
variance standard error for a test or confidence interval for the difference in the means? The standard error is
Round your answer to two decimal places.
Type your answer here
1
1
Sp√√/= = 1 =
+
Transcribed Image Text:Suppose we want to test whether there is a difference between the room rates of luxury hotels in New York versus Los Angeles. We collect data from 20 random luxury hotels in New York and 30 random luxury hotels in L.A. The standard deviation of the data from New York is $40 and the standard deviation of the data from L.A. is $50. What is the pooled- variance standard error for a test or confidence interval for the difference in the means? The standard error is Round your answer to two decimal places. Type your answer here 1 1 Sp√√/= = 1 = +
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Suppose we want to estimate the difference between the room rates of luxury hotels in New York versus Los Angeles assuming that the rates are normally distributed. We collect data from 20 random luxury hotels in New York and 30 random luxury hotels in L.A. The standard deviation of the data from New York is $40 and the standard deviation of the data from L.A. is $50. What is the margin of error on the 95% confidence interval assuming equal variances? Moreover, T.INV.2T(0.05, 48) = 2.010635.Round your answer to three decimal places.

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