Today reports that the average expenditure on Valentine's Day was expected to be $100.89Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 48 male consumers was 134.33, and the average expenditure in a sample survey of 33 female consumers was $67.04Based on past surveys, the standard deviation for male consumers is assumed to be $31and the standard deviation for is assumed to 20. The is 2.576 Round your answers to 2 decimal places What is the estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? At 99% confidence , what is the margin of error? Develop a 99% confidence interval for the difference between the two population means to

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
icon
Related questions
Question
100%

Today reports that the average expenditure on Valentine's Day was expected to be $100.89Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 48 male consumers was 134.33, and the average expenditure in a sample survey of 33 female consumers was $67.04Based on past surveys, the standard deviation for male consumers is assumed to be $31and the standard deviation for is assumed to 20. The is 2.576 Round your answers to 2 decimal places What is the estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? At 99% confidence , what is the margin of error? Develop a 99% confidence interval for the difference between the two population means to

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill