Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help ASAP . Thank you 1. [1/5 Points] DETAILS MY NOTES PREVIOUS ANSWERS PRACTICE ANOTHER You may need to use the appropriate appendix

image text in transcribed

I need help ASAP . Thank you

image text in transcribed
1. [1/5 Points] DETAILS MY NOTES PREVIOUS ANSWERS PRACTICE ANOTHER You may need to use the appropriate appendix table or technology to answer this question. In order to estimate the difference between the average daily sales of two branches of a department store, the following data has been gathered. Downtown Store North Mall Store Sample size n = 24 days n, = 28 days Sample mean (in $1,000) x1 = 35 x2 = 32 Sample standard deviation (in $1,000) 51 = 3 5 2 = 5 (a) Determine the point estimate of the difference (in thousands of dollars) between the population means. (Use x] - x2.) 3 (b) Determine the degrees of freedom for an interval estimation. (Round your answer down to the nearest integer.) 31 X (c) Compute the margin of error. (Round your answer to three decimal places.) (d) Develop a 95% confidence interval (in thousands of dollars) for the difference between the two population means. (Round your answers to three decimal places.) to Submit Answer Home My Assignments + Request Extension

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

Principles of Microeconomics

Authors: N. Gregory Mankiw

8th edition

1305971493, 978-1305971493

More Books

Students also viewed these Economics questions