11.36 According to the U.S. Bureau of Labor Statistics, personal expenditures for entertainment fees and admissions averaged...

Question:

11.36 According to the U.S. Bureau of Labor Statistics, personal expenditures for entertainment fees and admissions averaged $349 per person in the Northeast and

$420 in the West. Assuming that these data involved

(1) sample sizes of 800 and 600 and (2) standard deviations of $215 and $325, respectively, use a z-test and the 0.01 level of significance in testing the difference between these means. Determine and interpret the p-value for the test. Construct and interpret the 99% confidence interval for the test. Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey, Interview Survey, annual.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: