The average annual cost (including tuition, room, board, books, and fees) to attend a public college takes nearly a third of the annual income of a typical family with college-age children (Money, April 2012). At private colleges, the average annual cost is equal to about 60% of the typical family's income. The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Private colleges: 52.8, 43.2, 45.0, 33.3, 44.0, 30.6, 45.8, 37.8, 50.5, 42.0. Public colleges: 20.3, 22.0, 28.2, 15.6, 24.1, 28.5, 22.8, 25.8, 18.5, 25.6, 14.4, 21.8. You compute the two sample means, the two sample standard deviations and the point estimate of the difference between the two population means. You obtain a ??? margin of error of the difference between the two population means. The lower limit of the 95% confidence interval estimate of the difference between the two population means based on the point estimate of the difference is???
The average annual cost (including tuition, room, board, books, and fees) to attend a public college takes nearly a third of the annual income of a typical family with college-age children (Money, April 2012). At private colleges, the average annual cost is equal to about 60% of the typical family's income. The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Private colleges: 52.8, 43.2, 45.0, 33.3, 44.0, 30.6, 45.8, 37.8, 50.5, 42.0. Public colleges: 20.3, 22.0, 28.2, 15.6, 24.1, 28.5, 22.8, 25.8, 18.5, 25.6, 14.4, 21.8. You compute the two sample means, the two sample standard deviations and the point estimate of the difference between the two population means. You obtain a ??? margin of error of the difference between the two population means. The lower limit of the 95% confidence
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