Question
For a study conducted by the research department of a pharmaceutical company,280 randomly selected individuals were asked to report the amount of money they spend
For a study conducted by the research department of a pharmaceutical company,280
randomly selected individuals were asked to report the amount of money they spend annually on prescription allergy relief medication. The sample mean was found to be$
17.70
with a standard deviation of$
5.40
. A random sample of200
individuals was selected independently of the first sample. These individuals reported their annual spending on non-prescription allergy relief medication. The mean of the second sample was found to be$
18.30
with a standard deviation of$
4.40
. As the sample sizes were quite large, it was assumed that the respective population standard deviations of the spending for prescription and non-prescription allergy relief medication could be estimated as the respective sample standard deviation values given above. Construct a90
%
confidence interval for the difference
1
2
between the mean spending on prescription allergy relief medication (
1
) and the mean spending on non-prescription allergy relief medication (
2
). Then complete the table below.
What is the lower limit of the 90% confidence interval
What is the upper limit of the 90% confidence interval
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