Homework Help is Here – Start Your Trial Now!
Math
Statistics
The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time.com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. 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 Private Colleges 52.8 42.2 45.0 343 44.0 29.5 44.8 38.8 50.5 42.0 (a) Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges (Round the standard deviation to two decimal places.) sample mean sample standard deviation $423 $ 42.58 X thousand X thousand Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges (Round the standard deviation to two decimal places) x thousand sample mean $423 sample standard deviation $18.01 x thousand (b) What is the point estimate (in thousand dollars) of the difference between the two population means? (Use Private-Public) $ 202 X thousand Interpret this value in terms of the annual cost (in dollars) of attending private and public colleges bate more than the mean annual cost to attend public college

The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time.com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. 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 Private Colleges 52.8 42.2 45.0 343 44.0 29.5 44.8 38.8 50.5 42.0 (a) Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges (Round the standard deviation to two decimal places.) sample mean sample standard deviation $423 $ 42.58 X thousand X thousand Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges (Round the standard deviation to two decimal places) x thousand sample mean $423 sample standard deviation $18.01 x thousand (b) What is the point estimate (in thousand dollars) of the difference between the two population means? (Use Private-Public) $ 202 X thousand Interpret this value in terms of the annual cost (in dollars) of attending private and public colleges bate more than the mean annual cost to attend public college

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
See similar textbooks
icon
Related questions
Question
You may need to use the appropriate appenduk table of technology to answer the question. The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time.com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Public Colleges 20.3 22.0 26.2 15.6 24.1 28.5 258 18.5 25.6 14.4 21.81 Private Colleges 52.8 42.2 45.0 34.3 44.0 29.6 44:8 38.8 50.5 42.0 (a) Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges. (Round the standard deviation to two decimal places.) sample mean sample standard deviation $423 $4258 22.8 sample mean sample standard deviation. $18.01 X thousand X thousand Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges. (Round the standard deviation to two decimal places.) x thousand $ 423 x thousand (b) What is the point estimate (in thousand dollars) of the difference between the two population means? (Use Private Public.) $ 202 x thousand Interpret this value in terms of the annual cost (in dollars) of attending private and public colleges We estimate that the mean annual cost to attend private colleges is s more than the mean annual cost to attend public college (c) Develop a 95% confidence interval (in thousand dollars) of the difference between the mean annual cost of attending private and public colleges. (Use Private-Public Round your answers to one decimal place.) thousand to s thousand C
Transcribed Image Text:You may need to use the appropriate appenduk table of technology to answer the question. The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time.com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Public Colleges 20.3 22.0 26.2 15.6 24.1 28.5 258 18.5 25.6 14.4 21.81 Private Colleges 52.8 42.2 45.0 34.3 44.0 29.6 44:8 38.8 50.5 42.0 (a) Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges. (Round the standard deviation to two decimal places.) sample mean sample standard deviation $423 $4258 22.8 sample mean sample standard deviation. $18.01 X thousand X thousand Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges. (Round the standard deviation to two decimal places.) x thousand $ 423 x thousand (b) What is the point estimate (in thousand dollars) of the difference between the two population means? (Use Private Public.) $ 202 x thousand Interpret this value in terms of the annual cost (in dollars) of attending private and public colleges We estimate that the mean annual cost to attend private colleges is s more than the mean annual cost to attend public college (c) Develop a 95% confidence interval (in thousand dollars) of the difference between the mean annual cost of attending private and public colleges. (Use Private-Public Round your answers to one decimal place.) thousand to s thousand C
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS