Question
PLEASE SHOW WORK The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's
PLEASE SHOW WORK
The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information.
Store's Card
Sample size
64
Sample mean
$140
Population standard deviation
$10
Major Credit Card
Sample size
49
Sample mean
$125
Population standard deviation
$8
a. At 95% confidence, the margin of error is how much?
b. A 95% confidence interval estimate for the difference between the average purchases of all customers using the two different credit cards is?
PLEASE SHOW WORK
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