A random sample of 89 tourists in British Columbia showed that they spent an average of $2860 (in a week) with an assumed population standard deviation of $126; and a sample of 64 tourists in Alberta showed that they spent an average of $2935 (in a week) with an assumed population standard deviation of $138. We are interested in determining if there is any significant difference between the average expenditures of all the tourists who visited the two provinces. a. At a significance level of 0.05, are the two average expenditures significantly different? b. Calculate the 99% confidence interval and interpret your results?
A random sample of 89 tourists in British Columbia showed that they spent an average of $2860 (in a week) with an assumed population standard deviation of $126; and a sample of 64 tourists in Alberta showed that they spent an average of $2935 (in a week) with an assumed population standard deviation of $138. We are interested in determining if there is any significant difference between the average expenditures of all the tourists who visited the two provinces. a. At a significance level of 0.05, are the two average expenditures significantly different? b. Calculate the 99% confidence interval and interpret your results?
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 random sample of 89 tourists in British Columbia showed that they spent an average of $2860 (in a week) with an assumed population standard deviation of $126; and a sample of 64 tourists in Alberta showed that they spent an average of $2935 (in a week) with an assumed population standard deviation of $138. We are interested in determining if there is any significant difference between the average expenditures of all the tourists who visited the two provinces.
a. At a significance level of 0.05, are the two average expenditures significantly different? b. Calculate the 99% confidence interval and interpret your results?
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