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Name: A bridal gown shop owner owns a store in San Francisco and a store in
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Description: A bridal gown shop owner owns a store in San Francisco and a store in Redwood city. She is trying to figure out if clients tend to spend the same amount at both stores. She takes a random sample of 25 purchases from each store, and find the San Franc

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A bridal gown shop owner owns a store in San Francisco and a store in Redwood city. She is trying to figure out if clients tend to spend the same amount at both stores. She takes a random sample of 25 purchases from each store, and find the San Francisco store has a mean amount spent of $2500 with a standard deviation of $1500. The Redwood City store has a mean amount spent of $2000 with a standard deviation of $1000. Use a significance level of 10% to determine if the clients at the two stores spend the same amounts.

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Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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