Question
For large U.S. companies, what percentage of their total income comes from foreign sales? A random sample of technology companies (IBM, Hewlett-Packard, Intel, and others)
For large U.S. companies, what percentage of their total income comes from foreign sales? A random sample of technology companies (IBM, Hewlett-Packard, Intel, and others) gave the following information.
Technology companies, % foreign revenue: x1; n1 = 16 | |||||||
62.8 | 55.7 | 47.0 | 59.6 | 55.3 | 41.0 | 65.1 | 51.1 |
53.4 | 50.8 | 48.5 | 44.6 | 49.4 | 61.2 | 39.3 | 41.8 |
Another independent random sample of basic consumer product companies (Goodyear, Sarah Lee, H.J. Heinz, Toys 'R' Us) gave the following information.
Basic consumer product companies,% foreign revenue: x2; n2 = 17 | |||||||||
28.0 | 30.5 | 34.2 | 50.3 | 11.1 | 28.8 | 40.0 | 44.9 | ||
40.7 | 60.1 | 23.1 | 21.3 | 42.8 | 18.0 | 36.9 | 28.0 | ||
32.5 |
Assume that the distributions of percentage foreign revenue are mound-shaped and symmetric for these two company types.(a) Use a calculator with mean and standard deviation keys to calculate x1, s1, x2, and s2. (Round your answers to four decimal places.)
x1 = | % |
s1 = | % |
x2 = | % |
s2 = | % |
(b) Let 1 be the population mean for x1 and let 2 be the population mean for x2. Find an 80% confidence interval for 1 2. (Round your answers to two decimal places.)
lower limit | % | |
upper limit | % |
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