Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two

The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two prices, K170 and K200, over 10 shows each which give rise to the following attendances. Price K170 115 110 125 120 120 105 115 125 115 120 K200 105 100 95 110 105 100 95 100 105 93 (a) Calculate the mean and standard deviation of the attendance for each sample. (b) Perform a statistical test to determine whether the variances of the attendance are equal under the two prices. (c) Perform a t-test to determine whether the mean attendance is the same under the two prices. (d) Calculate a 95% confidence interval for the difference between the mean show revenue under each price. (e) Without doing any further calculations, comment on which price the promoter should choose.

Step by Step Solution

3.47 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

The detailed ... 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

Genetics Analysis And Principles

Authors: Robert Brooker

5th Edition

978-0073525341, 0073525340

More Books

Students also viewed these Mathematics questions

Question

Psychological issues associated with officiating/refereeing

Answered: 1 week ago

Question

coms 3 1 1 iowa state

Answered: 1 week ago