A marketing firm is doing research for an Internet-based company. It wants to appeal to the age group of people who spend the most money online. The company wantsto know if there is a difference in the mean amount of money people spend per month on Internet purchases depending on their age bracket. The marketing firm lookedat two age groups, 18-24 years and 25-30 years, and collected the data shown in the following table. Let Population 1 be the amount of money spent per month onInternet purchases by people in the 18-24 age bracket and Population 2 be the amount of money spent per month on Internet purchases by people in the 25-30 agebracket. Assume that the population variances are not the same.Internet Spending per Month18-24 Years 25-30 YearsMean Amount Spent55.1965.24Standard DeviationSample Size11.3913.682125Step 1 of 2: Construct a 90 % confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spendon Internet purchases. Round the endpoints of the interval to two decimal places, if necessary.Answer2024 Hawkes LearningLower EndpointTablesKeypadKeyboard ShortcutsSubmit Answer

Step 1: From the provided information, Step 2: Confidence level = 90%The degrees of freedom can be…

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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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