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 dolla for two types of remodeling projects are as follows. Excel File: data10-41.xlsx Kitchen 25.2 17.4 22.8 21.9 19.7 Master Bedroom 18.0 22.9 26.4 24.8 26.9 Kitchen 23.0 19.7 16.9 21.8 23.6 Master Bedroom 17.8 24.6 21.0 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. (
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 dolla for two types of remodeling projects are as follows. Excel File: data10-41.xlsx Kitchen 25.2 17.4 22.8 21.9 19.7 Master Bedroom 18.0 22.9 26.4 24.8 26.9 Kitchen 23.0 19.7 16.9 21.8 23.6 Master Bedroom 17.8 24.6 21.0 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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 |
|---------|----------------|
| 25.2 | 18.0 |
| 17.4 | 22.9 |
| 22.8 | 26.4 |
| 21.9 | 24.8 |
| 19.7 | 26.9 |
| Kitchen | Master Bedroom |
|---------|----------------|
| 23.0 | 17.8 |
| 19.7 | 24.6 |
| 16.9 | 21.0 |
| 21.8 | 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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