The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two prices, K150 and K200, over 10 shows each which give rise to the following attendances. Price K150 117 112 127 124 121 107 118 126 115 119 K200 108 104 98 112 108 102 96 101 107 95 Calculate a 95% confidence interval for the difference between the mean show rev- enue under each price. (4) (e) Without doing any further calculations, comment on which price the promoter should choose. (3)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
icon
Related questions
Topic Video
Question

The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two prices, K150 and K200, over 10 shows each which give rise to the following attendances.
Price
K150 117 112 127 124 121 107 118 126 115 119
K200 108 104 98 112 108 102 96 101 107 95
Calculate a 95% confidence interval for the difference between the mean show rev-
enue under each price. (4)
(e) Without doing any further calculations, comment on which price the promoter
should choose. (3)

 

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill