Bank of America's Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation,groceries, dining out, household expenses, home furnishings, apparel, and entertainment. Using data from a sample of 42 credit card accounts, assume thateach account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2).Using the difference data, the sample mean difference was d = $850 , and the sample standard deviation was sa = $1,123.a. Formulate the null and alternative hypotheses to test for no difference between the population mean credit card charges for groceries and the populationmean credit card charges for dining out.Ho : Hd is equal to 0Ha : Hd is less than or equal to 0b. Use a = 0.05 level of significance. Can you conclude that the population means differ?differWhat is the p-value? (to 6 decimals)C. Which category, groceries or dining out, has a higher population mean annual credit card charge?groceriesWhat is the point estimate of the difference between the population means?- Round to the nearest whole number.What is the 95% confidence interval estimate of the difference between the population means? Round to the nearest whole number.

given: H0:μd=0versusHa:μd≤0

Answered: r no difference between the population…

Math

Statistics

r no difference between the population m hat the population means differ?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Sales 10+ 9+ 8+ 7+ 6+ 5- 4+ il.. Tue Wed Thur Q Mon The plot above shows the number of computers a…

A: Given that, computer sold in first day = 6 computer sold in second day = 10 computer sold in third…

Q: 3. 80 km/h Two cars meet at an intersection. One travels north at an average speed of 80 km/h. The…

A: Let, the intersection point be denoted by O(origin) . The first car travels to the north at an…

Q: How many cards must be selected from a standard deck of 52 cards to guarantee that at least four…

A: We have given standard deck of 52 playing cards Out of 52 it is known that, 26 are black and 26 are…

Q: Determine and o, from the given parameters of the population and sample size. H= 50, o = 21, n = 40…

Q: There are 5 black, 3 white, and 4 yellow balls in a box (see picture below). Four balls are randomly…

A: There are 5 black, 3 white, and 4 yellow balls in the box. Thus, there are 12 balls in total.The…

Q: A set of three scores consists of the values 2, 5, and 8. Σ2Χ -2 = > 22Χ2 =

A: Consider the given scores are defined by a random variable X. The given scores are Xi=2, 5, 8…

Q: A mathematics teacher tracked the number of student absences and the students math grades for the…

A: Given: The number of students absences and math grades for the year is shown in the graph below: To…

Q: ying data are the weights (kg) of poplar trees that were obtained from trees planted in a rich and…

Q: Find the mean of 7, 7, 2, 3, 4, 1 graphically. What is the sum of the numbers? try

A: our objective is to find the mean

Q: Directions: Identify the region where each of the given values falls. Region B Region A Region C -3…

A: The questions based on the graphs can be answered using graphical methods. The points which are not…

Q: The scatterplot illustrates the relationship between high school and college GPAs for a sample of…

A: We need to make interpretation using Scatter plot

Q: The values listed below are waiting times (in minutes) of customers at two different banks. At Bank…

Q: Number of Acorns Stored by Squirrels Squirrel Number of Acorns A 4 B 12 C 4 D 20 E 50 median = 50 O…

A: The objective of this question is to find the median number of acorns stored by the squirrels. The…

Q: (a) The 9 members of a fraternity have the following test scores: 118, 120, 121, 122, 123, 124, 125,…

A: a) We may take into account the following metrics to summarise the fraternity members' test…

Q: Together, teammates Pedro and Ricky got 2674 base hits last season. Pedro had 276 more hits than…

A: Given: Pedro and Ricky total hits = 2674

Q: Heights (cm) and weights (kg) are measured for 100 randomly selected adult males, and range from…

A: Given The regression equation y^ =-107+1.13*x And we want to predict value of y (weight) given an…

Q: Before every flight, the pilot must verify that the total weight of the load is less than the…

A: Solution: Let X be the weights of men are normally distributed with mean 175.3 and standard…

Q: The average of 5 test scores is exactly 80. Three of the scores are 73, 82, and 88. Which of the…

A: Here is the solution:

Q: Weekend Weather The temperature in Darwin over the weekend was recorded on two thermometers in…

Q: A. 16.28 Pass this test B. 17.48 -3.6 x -4.8 C. 17.28 and you may rest! D. 16.48 Level8 Q1 А В СD…

Q: 18. Jerry scored 80, 85, 87, and 88 on his irst four tests in science. Which is the score on his…

A: Solution: The objective is to find the fifth score

Q: There are 7 finalists in a singing competition jf a person guesses randomly the top three winners…

A: Since winners are ranked so we will use the permutation here.

Q: 12 All the students In Ms. Carter's class reported the number of pets they have at home. Ms. Carter…

Q: he accompanying data are the weights (kg) of poplar trees that were obtained from trees planted in a…

A: Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts. In case…

Q: The average American consumes 9.4 liters of alcohol per year. Does the average college student…

A: From the provided information, The average American consumes 9.4 liters of alcohol per year. The…

Q: Match each term below with the best description by writing the letter for the best description in…

A: Subject: The units that are assigned to receive the treatment in an experiment. It is also called…

Q: Which of the following are potential limitations for a research study?

A: The limitations of a research study are those characteristics of design that impacted or influenced…

Q: complete solution pls 50 students at Holy Spirit High were interviewed to determine what sports…

A: Ans# Given 50 students at Holy Spirit High were interviewed to determine what sports they played, if…

Concept explainers

Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.

Question

Bank of America's Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation,
groceries, dining out, household expenses, home furnishings, apparel, and entertainment. Using data from a sample of 42 credit card accounts, assume that
each account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2).
Using the difference data, the sample mean difference was d = $850 , and the sample standard deviation was sa = $1,123.
a. Formulate the null and alternative hypotheses to test for no difference between the population mean credit card charges for groceries and the population
mean credit card charges for dining out.
Ho : Hd is equal to 0
Ha : Hd is less than or equal to 0
b. Use a = 0.05 level of significance. Can you conclude that the population means differ?
differ
What is the p-value? (to 6 decimals)
C. Which category, groceries or dining out, has a higher population mean annual credit card charge?
groceries
What is the point estimate of the difference between the population means?- Round to the nearest whole number.
What is the 95% confidence interval estimate of the difference between the population means? Round to the nearest whole number.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Basics of Inferential Statistics$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

+ Save & Exit Certify Lesson: 1.3 Estimating and Evaluating BEATRICE BROWN Question 1 of 11, Step 1 of 1 0/11 Correct Chantel has a goal to complete a triathlon. The race consists of a 0.93-mile swim, a 24.8-mile bike ride, and a 6.2-mile run. In training, Chantel can swim at an average pace of 2.1 mph. She rides her bike at an average of 18.8 mph and runs at 6.2 mph. Estimate how long it will take her to complete the triathlon. Answer E Keypad How to enter your answer (opens in new window) Keyboard Shortcuts hr Submit Answer O2021 Hawkes Leaming
Hi i need help on the second part of the question. I attached the first and 2nd question but need help on the one that isn't answered( the one with the blue line is the first question that is already answered)
Please choice the correct answer
N| H|DEL H| O| DIL O SHDIL MSc xa 4a wa de a kh|gi|a snhu.mobius.cloud/1883/assignments/149522/4 ng up an Essay R AQ Course Hero Amanda Wertenber... www.mylife.com Talking to Your Chill... DG TruthFinder Accoun... O 16 Participation Activity #15 This is similar to Try It #3 in the OpenStax text. f(x)= If f(z) is a linear function, with f(4) = 13, and f(6)= 29, find an equation for the function in slope- intercept form. Hint Penalty Hint 0.0 How Did I Do? f(x)= % 5 Participation Activity #16 This is similar to Try It #3 in the OpenStax text. If f(x) is a linear function, with f(2)=-12, and f(4) = -28, find an equation for the function in slope-intercept form. T n 10 View Hint Try Another ^ 6 Y Save Quit & Save Previous Unit Item O 19 & 7 U PrtScn a ma kt|A|H|| + F7 8 Home F8 Next Unit Item 61°F Cloudy A ^ ( 9 End F9 ) PgUp 0 Previous Page Next Page & E F10 O > Other favorites D OX PgDn 4:57 PM 11/26/2022 *** Ins Del Backsp
p Je p Find the proportions p(z > 1.47) p(z > -1.26) p(z 1.13) Blank 1; Blank 2; Blank 3; Blank 4 Blank 1 Blank 2 Blank 3 Blank 4 Add your answer Add your answer Add your answer Add your answer f
I need help with this one please thank you
The p-value for a two-sided test is always _______ for a one-sided test. Group of answer choices 1 - the p-value the same p-value half the p-value twice the p-value
What is the answer
Help finding: Lower bound= and Upper Bound = Use this information to interpret the results in terms of the given problem.
estion 12 The ratio of blue m&ms to red m&ms in a certain bag is 8:5. If there are 117 red and blue m&ms total in the bag, how many BLUE m&ms are there? A Moving to another question will save this response. MacBook Pro ! @ & 7 0 1 I Q 2 W #3 E $ 4 R % 5 T L C Y = U * 00 9 K 0
Hi can you fill out the blanks for me?
show work