7.3-9. Consider the following two groups of women: Group 1 consists of women who spend less than $500 annually on clothes; Group 2 comprises women who spend more than $1000 annually on clothes. Let p₁ and P2 equal the proportions of women in these two groups, respectively, who believe that clothes are too expensive. If 1009 out of a random sample of 1230 women from group 1 and 207 out of a random sample of 340 from group 2 believe that clothes are too expensive, (a) Give a point estimate of p1 - P2. (b) Find an approximate 95% confidence interval for P1-P2.
7.3-9. Consider the following two groups of women: Group 1 consists of women who spend less than $500 annually on clothes; Group 2 comprises women who spend more than $1000 annually on clothes. Let p₁ and P2 equal the proportions of women in these two groups, respectively, who believe that clothes are too expensive. If 1009 out of a random sample of 1230 women from group 1 and 207 out of a random sample of 340 from group 2 believe that clothes are too expensive, (a) Give a point estimate of p1 - P2. (b) Find an approximate 95% confidence interval for P1-P2.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:7.3-9. Consider the following two groups of women:
Group 1 consists of women who spend less than $500
annually on clothes; Group 2 comprises women who
spend more than $1000 annually on clothes. Let p₁ and
P2 equal the proportions of women in these two groups,
respectively, who believe that clothes are too expensive. If
1009 out of a random sample of 1230 women from group
1 and 207 out of a random sample of 340 from group 2
believe that clothes are too expensive,
(a) Give a point estimate of pi - P2.
(b) Find an approximate 95% confidence interval for
P1-P2.
![7.3-9 (a) 0.2115; (b) [0.1554, 0.2676].](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2b62c17d-5c05-48d6-ac2b-a3a7c31907f7%2Fa8806cb2-d213-437e-875f-c7d7e0f257ee%2Fmjmvvwd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7.3-9 (a) 0.2115; (b) [0.1554, 0.2676].
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