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decimal places. a. What is the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? b. At 99% confidence, what is the margin of error? c. Develop a 99% confidence interval for the difference between the two population means. 135.67 to 30

decimal places. a. What is the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? b. At 99% confidence, what is the margin of error? c. Develop a 99% confidence interval for the difference between the two population means. 135.67 to 30

MATLAB: An Introduction with Applications
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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O USA Today reports that the average expenditure on Valentine's Day was expected to be $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 $133.23, and the average expenditure in a sample survey of 33 female consumers was $64.4, Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female O consumers is assumed to be $16, The z value is 2.576. Round your answers to 2 decimal places. a. What is the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? b. At 99% confidence, what is the margin of error? c. Develop a 99% confidence interval for the difference between the two population means. 135.67 to 30
Transcribed Image Text:O USA Today reports that the average expenditure on Valentine's Day was expected to be $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 $133.23, and the average expenditure in a sample survey of 33 female consumers was $64.4, Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female O consumers is assumed to be $16, The z value is 2.576. Round your answers to 2 decimal places. a. What is the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? b. At 99% confidence, what is the margin of error? c. Develop a 99% confidence interval for the difference between the two population means. 135.67 to 30
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