For large U.S. companies, what percentage of their total income comes from foreign sales? Suppose that a random sample of technology companies gave the following information. Technology companies, % foreign revenue: x₁; n₁ = 16 62.7 55.6 47.1 59.5 55.4 41.1 65.2 51.0 53.5 50.7 48.6 44.5 49.5 61.3 39.4 41.7 Further suppose that another independent random sample of basic consumer product companies gave the following information. Basic consumer product companies,% foreign revenue: X2; n₂ = 17 27.9 30.6 34.3 50.2 11.2 28.9 40.1 44.8 40.8 60.2 23.2 21.2 42.7 18.1 37.0 28.1 32.4 Assume that the distributions of percentage foreign revenue are mound-shaped and symmetric for these two company types. (a) Use a calculator with mean and standard deviation keys to calculate ✗₁ and S₁. (Round your answers to four decimal places.) = 50.6563 × % ☑1 S1 = % Use a calculator with mean and standard deviation keys to calculate X2 and S2. (Round your answers to four decimal places.) % = = % (b) Let μ₁ be the population mean for decimal places.) % ✗1 and let M2 be the population mean for X2. Find an 85% confidence interval for μ₁ - μ2. (Enter your answer in the form: lower limit to upper limit. Include the word "to." Round your numerical values to two

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
icon
Related questions
Question
For large U.S. companies, what percentage of their total income comes from foreign sales? Suppose that a random sample of technology companies gave the following information. Answer parts a-b please. 
For large U.S. companies, what percentage of their total income comes from foreign sales? Suppose that a random sample of technology companies gave the following information.
Technology companies, % foreign revenue: x₁; n₁ = 16
62.7 55.6 47.1 59.5 55.4 41.1 65.2 51.0 53.5 50.7 48.6 44.5
49.5 61.3 39.4 41.7
Further suppose that another independent random sample of basic consumer product companies gave the following information.
Basic consumer product companies,% foreign revenue: X2; n₂ = 17
27.9 30.6 34.3 50.2 11.2 28.9 40.1 44.8 40.8 60.2 23.2 21.2 42.7 18.1 37.0 28.1 32.4
Assume that the distributions of percentage foreign revenue are mound-shaped and symmetric for these two company types.
(a) Use a calculator with mean and standard deviation keys to calculate ✗₁ and S₁. (Round your answers to four decimal places.)
= 50.6563 × %
☑1
S1
=
%
Use a calculator with mean and standard deviation keys to calculate X2 and S2. (Round your answers to four decimal places.)
%
=
=
%
(b) Let μ₁ be the population mean for
decimal places.)
%
✗1
and let M2
be the population mean for X2. Find an 85% confidence interval for μ₁ - μ2. (Enter your answer in the form: lower limit to upper limit. Include the word "to." Round your numerical values to two
Transcribed Image Text:For large U.S. companies, what percentage of their total income comes from foreign sales? Suppose that a random sample of technology companies gave the following information. Technology companies, % foreign revenue: x₁; n₁ = 16 62.7 55.6 47.1 59.5 55.4 41.1 65.2 51.0 53.5 50.7 48.6 44.5 49.5 61.3 39.4 41.7 Further suppose that another independent random sample of basic consumer product companies gave the following information. Basic consumer product companies,% foreign revenue: X2; n₂ = 17 27.9 30.6 34.3 50.2 11.2 28.9 40.1 44.8 40.8 60.2 23.2 21.2 42.7 18.1 37.0 28.1 32.4 Assume that the distributions of percentage foreign revenue are mound-shaped and symmetric for these two company types. (a) Use a calculator with mean and standard deviation keys to calculate ✗₁ and S₁. (Round your answers to four decimal places.) = 50.6563 × % ☑1 S1 = % Use a calculator with mean and standard deviation keys to calculate X2 and S2. (Round your answers to four decimal places.) % = = % (b) Let μ₁ be the population mean for decimal places.) % ✗1 and let M2 be the population mean for X2. Find an 85% confidence interval for μ₁ - μ2. (Enter your answer in the form: lower limit to upper limit. Include the word "to." Round your numerical values to two
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL