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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 wants to 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 looked at 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 on internet 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 age bracket. Assume that the population variances are not the same. Internet Spending per Month 18-24 Years Answer Mean Amount Spent Standard Deviation Sample Size Lower Endpoint 63.05 18.45 29 Step 1 of 2: Construct a 99% confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spend on Internet purchases. Round the endpoints of the interval to two decimal places, if necessary. Upper Endpoint 25-30 Years 60.40 13.34 24 Tables Keypar Keyboard Shortc

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 wants to 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 looked at 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 on internet 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 age bracket. Assume that the population variances are not the same. Internet Spending per Month 18-24 Years Answer Mean Amount Spent Standard Deviation Sample Size Lower Endpoint 63.05 18.45 29 Step 1 of 2: Construct a 99% confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spend on Internet purchases. Round the endpoints of the interval to two decimal places, if necessary. Upper Endpoint 25-30 Years 60.40 13.34 24 Tables Keypar Keyboard Shortc

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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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 wants to know if there is a difference in the mean amount of money people spend per morith on Internet purchases depending on their age bracket. The marketing firm looked at 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 on internet 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 age bracket. Assume that the population variances are not the same. Internet Spending per Month 18-24 Years Answer Mean Amount Spent Standard Deviation Sample Size Step 1 of 2: Construct a 99 % confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spend on Internet purchases. Round the endpoints of the interval to two decimal places, if necessary. Lower Endpoint 63.05 18.45 29 Upper Endpoint = 25-30 Years 60.40 13.34 24 Tables Keypad Keyboard Shortcuts
Transcribed Image Text: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 wants to know if there is a difference in the mean amount of money people spend per morith on Internet purchases depending on their age bracket. The marketing firm looked at 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 on internet 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 age bracket. Assume that the population variances are not the same. Internet Spending per Month 18-24 Years Answer Mean Amount Spent Standard Deviation Sample Size Step 1 of 2: Construct a 99 % confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spend on Internet purchases. Round the endpoints of the interval to two decimal places, if necessary. Lower Endpoint 63.05 18.45 29 Upper Endpoint = 25-30 Years 60.40 13.34 24 Tables Keypad Keyboard Shortcuts
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