Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A professor is interested in comparing the average amount spent on textbooks for freshmen and sophomores. A random sample of 10 freshmen yielded a sample

image text in transcribed
image text in transcribed
A professor is interested in comparing the average amount spent on textbooks for freshmen and sophomores. A random sample of 10 freshmen yielded a sample mean amount of 1023 and a sample standard deviation of 68. A random sample of 14 sophomores yielded a sample mean amount of 1257 and a sample standard deviation of 338. Construct a 99% confidence interval for the difference between the mean amount spent on textbooks by freshmen and the mean amount spent by sophomores (ie. do freshmen minus sophomores). Since the sample standard deviations are wildly different, use a method which does not assume the populations have the same variance. Assume normality. a) What is the appropriate degrees of freedom in this case? 14 b) What is the lower confidence limit on the interval? Give your answer to three decimal places. -510.4395 X c) What is the upper confidence limit on the interval? Give your answer to three decimal places. 42.4395 X d) Using this interval, is it reasonable to conclude that the average sophomore spends more than the average freshman? Yes because the upper endpoint on the interval is below 0. O No because the interval contains 0. O Yes because the upper endpoint on the interval is above 0. O Yes because the interval contains 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Chance And Chaos

Authors: David Ruelle

1st Edition

069121395X, 9780691213958

More Books

Students also viewed these Mathematics questions

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago