question archive Can you please help me with the following problem?Review the following information and answer correctly

Can you please help me with the following problem?Review the following information and answer correctly

Subject:StatisticsPrice: Bought3

Can you please help me with the following problem?Review the following information and answer correctly. A reports states that the average amount spent for Birthday's Day is $100.89. Do male and female customers vary in the sums they spend? The average expenditure in a sample survey of 40 male customers was $138.67, and the average expenditure in a sample survey of 30 female customers was $66.64. Based on past surveys, the standard deviation for male consumers is assumed to be $35, and the standard deviation for female customers is assumed to be $20.

 

(a)

What is the point estimate (in dollars) of the difference between the population mean expenditure for males and the population mean expenditure for females? (Use male − female.)

$ _______________________________

 

(b)

At 99% confidence, what is the margin of error (in dollars)? (Round your answer to the nearest cent.)

$ _______________________________

 

(c)

Develop a 99% confidence interval (in dollars) for the difference between the two population means. (Use male − female. Round your answer to the nearest cent.)

$_______________________ to $____________________________

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions