The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars for two types of remodeling projects are as follows. Excel File: data10-41.xlsx Kitchen Master Bedroom Kitchen Master Bedroom 25.2 18.0 23.0 17.8 17.4 22.9 19.7 24.6 22.8 26.4 16.9 21.0 21.9 24.8 21.8 19.7 26.9 23.6 a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as negative numbers. Report in thousands of dollars with no commas in your answer.) Point estimate = $ thousand b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers) ) in thousands of dollars.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars
for two types of remodeling projects are as follows.
Excel File: data10-41.xlsx
Kitchen
Master Bedroom
Kitchen
Master Bedroom
25.2
18.0
23.0
17.8
17.4
22.9
19.7
24.6
22.8
26.4
16.9
21.0
21.9
24.8
21.8
19.7
26.9
23.6
a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as
negative numbers. Report in thousands of dollars with no commas in your answer.)
Point estimate $
thousand
b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers)
) in thousands of dollars.
Transcribed Image Text:The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars for two types of remodeling projects are as follows. Excel File: data10-41.xlsx Kitchen Master Bedroom Kitchen Master Bedroom 25.2 18.0 23.0 17.8 17.4 22.9 19.7 24.6 22.8 26.4 16.9 21.0 21.9 24.8 21.8 19.7 26.9 23.6 a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as negative numbers. Report in thousands of dollars with no commas in your answer.) Point estimate $ thousand b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers) ) in thousands of dollars.
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