A newspaper reports that the average expenditure on Valentine's Day is $100.89. De male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 40 male consumers was $135.67, and the average expenditure in a sample survey of 30 female consumers was past surveys, the standard deviation for male consumers is assumed to be $45, and the standard deviation for female consumers is assumed to be $20. (a) What is the point estimate (in dollars) of the difference between the population mean expenditure for males and the population mean expenditure for females? (Use male-female) $43.33 x (b) At 99% confidence, what is the margin of error (in dollars)? (Round your answer to the nearest cent) $ 170725 x (Develop a 99% confidence interval (in dollars) for the difference between the two population means. (Use male-female. Round your answer to the nearest cene) $15.9575 X to 100

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A newspaper reports that the average expenditure on Valentine's Day is $100.89. Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of
40 male consumers was $135.67, and the average expenditure in a sample survey of 30 female consumers was $62.64, Based on past surveys, the standard deviation for male consumers is assumed
to be $45, and the standard deviation for female consumers is assumed to be $20.
(e) What is the point estimate (in dollars) of the difference between the population mean expenditure for males and the population mean expenditure for females? (Use male-female)
$63.03
(b) At 99% confidence, what is the margin of error (in dollars)? (Round your answer to the nearest cent)
$ 170725
(c) Develop a 99% confidence interval (in dollars) for the difference between the two population means (Use male- female. Round your answer to the nearest cent)
$55.9675 x to 5-90.1025
x
Transcribed Image Text:A newspaper reports that the average expenditure on Valentine's Day is $100.89. Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 40 male consumers was $135.67, and the average expenditure in a sample survey of 30 female consumers was $62.64, Based on past surveys, the standard deviation for male consumers is assumed to be $45, and the standard deviation for female consumers is assumed to be $20. (e) What is the point estimate (in dollars) of the difference between the population mean expenditure for males and the population mean expenditure for females? (Use male-female) $63.03 (b) At 99% confidence, what is the margin of error (in dollars)? (Round your answer to the nearest cent) $ 170725 (c) Develop a 99% confidence interval (in dollars) for the difference between the two population means (Use male- female. Round your answer to the nearest cent) $55.9675 x to 5-90.1025 x
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