Question
Assistance needed for step by step A student group at a university in the Midwest is conducting a study to determine whether there is a
Assistance needed for step by step
A student group at a university in the Midwest is conducting a study to determine whether there is a difference between textbook prices for used textbooks sold by the on a campus bookstore and by an Internet retailer. A random sample of 10 textbooks was taken, and the campus price and the Internet retailer's price for each textbook were collected. At the 0.01 level of significance, can the student group conclude that there is a difference in average textbook prices for used textbooks sold on campus and over the internet?
Textbook: Physics Chemistry Spanish Accounting Calculus
Campus: $108 $114 $114 $110 $118
Internet: $124 $120 $107 $112 $122
Textbook: Economics Art Biology History English
Campus $108 $119 $115 $119 $114
Internet $123 $125 $108 $117 $119
2nd
Allstate insurance is one of the major automobile insurance companies in the country. Thewestern region claims manager instructed an intern in her department to develop a confidence interval estimate of the difference between the mean years that male customers have been insured by Allstate versus female customers. The intern randomlyselected 13 male and 13 female customers from the account records and recorded the number of years that each customer had been insured by Allstate. These data (rounded to the nearest year) are as follows:
Males
149916
1481211
69107
3
Females
31047
10541
4469
2
Based on these data, construct and interpret a 90% confidence interval estimate for the difference between the mean years for male and female customers. Assume equal population variances.
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