how do i solve for parts A-E? GIVEN INFORMATIONSellers on eBay wonder if there exists a difference in selling price based on the type of photo shown on theauction page. Aisha takes a sample of 145 paired auctions--same item, with stock photos or non-stock photos--and she finds that auctions with stock photos have an average selling of $3.78 more, with a standard deviationof $19.74. Confidence Interval: Aisha wants to find a 99% confidence interval for the true mean difference in pricebetween the items.a. What is the critical value?b. What is the standard error?c. What is the margin of error?d. What is the interval?<μ<e. Based on that confidence interval, would it be reasonable to assume that there exists no difference inprice based on the nature of the photo?No.Yes.

Sample size(n)=145 Mean difference=$3.78 The standard deviation of the difference=$19.74

Confidence Interval: Aisha wants to find a 99% confidence interval for the true mean difference in price between the items. a. What is the critical value? b. What is the standard error? c. What is the margin of error?

Confidence Interval: Aisha wants to find a 99% confidence interval for the true mean difference in price between the items. a. What is the critical value? b. What is the standard error? c. What is the margin of error?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 1GP

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Question

how do i solve for parts A-E? GIVEN INFORMATION Sellers on eBay wonder if there exists a difference in selling price based on the type of photo shown on the auction page. Aisha takes a sample of 145 paired auctions--same item, with stock photos or non-stock photos-- and she finds that auctions with stock photos have an average selling of $3.78 more, with a standard deviation of $19.74.