Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkasNW8D8A9PVVfoeU6MG8FFOW-3iCxJLnp... G Test 4 E Question 13 of 25 (1 point) | Question Attempt: 1 of 1 Time Remaining: 3:35:45 0 Siena V 13 14

image text in transcribed
www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkasNW8D8A9PVVfoeU6MG8FFOW-3iCxJLnp... G Test 4 E Question 13 of 25 (1 point) | Question Attempt: 1 of 1 Time Remaining: 3:35:45 0 Siena V 13 14 15 16 17 18 19 20 21 22 23 24 Espanol For a study conducted by the research department of a pharmaceutical company, 245 randomly selected individuals were asked to report the amount of money they spend annually on prescription allergy relief medication. The sample mean was found to be $17.60 with a standard deviation of $5.30. A random sample of 275 Individuals was selected independently of the first sample. These individuals reported their annual spending on non-prescription allergy relief medication. The mean of the second sample was found to be $ 18-40 with a standard deviation of $ 40. As the sample sizes were quite large, it was assumed that the respective population standard deviations of the spending for prescription and non-prescription allergy relief medication could be estimated as the respective sample standard deviation values given above. Construct a 93 20 confidence interval for the difference Hi -Hy between the mean spending on prescription allergy relief medication (Hj ) and the mean spending on non-prescription allergy relief medication (H2). Then find the lower limit and upper limit of the 95% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to at least two decimal places. (If necessary, consult a list of formulas.) Lower limit: X 5 ? Upper limit

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

Step: 3

blur-text-image

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

Calculus Early Transcendentals

Authors: Michael Sullivan, Kathleen Miranda

7th Edition

1464144397, 9781464144394

More Books

Students also viewed these Mathematics questions