Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, can you help me solve these business statistics problems? Thank you! You may need to use the appropriate appendix table or technology to answer

Hello, can you help me solve these business statistics problems? Thank you!

image text in transcribedimage text in transcribed
You may need to use the appropriate appendix table or technology to answer this question. A magazine conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 38 ships that carry fewer than 500 passengers resulted in an average rating of 85.54, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.50. Assume that the population standard deviation is 4.55 for ships that carry fewer than 500 passengers and 3.97 for ships that carry 500 or more passengers. (a) What is the point estimate of the difference between the population mean rating for ships that carry fewer than 500 passengers and the population mean rating for ships that carry 500 or more passengers? (Use smaller cruise ships - larger cruise ships.) At 95% confidence, what is the margin of error? (Round your answer to two decimal places.) (c) What is a 95% confidence interval estimate of the difference between the population mean ratings for the two sizes of ships? (Use smaller cruise ships - larger cruise ships. Round your answers to two decimal places.) to Need Help? Read It Watch It

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_2

Step: 3

blur-text-image_3

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

Recent Developments Of Mathematical Fluid Mechanics

Authors: Herbert Amann, Yoshikazu Giga, Hideo Kozono, Hisashi Okamoto, Masao Yamazaki

1st Edition

3034809395, 9783034809399

More Books

Students also viewed these Mathematics questions