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 50 male consumers was $137.28 , and the average expenditure in a sample survey of 36 female consumers was $61.47. Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female consumers is assumed to be $12. 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.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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 50 male consumers was $137.28 , and the average expenditure in a sample survey of 36 female consumers was $61.47. Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female consumers is assumed to be $12. 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
B. AT 99% confidence, what is the margin of error?
C. Develop a 99% confidence interval for the difference between the two population means.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
