subject
Business, 13.02.2021 22:40 sippincoronas

The increasing annual cost (including tuition, room, board, books, and fees) to attend college has been widely discussed (Time. com). The following random samples show the annual cost of attending private and public colleges. Data are in thousands of dollars. Private Colleges
52.8 42.2 44.0 33.3 44.0
30.6 46.8 38.8 51.5 43.0

Public Colleges
20.3 22.0 28.2 15.6 24.1 28.5
22.8 25.8 18.5 25.6 14.4 21.8
(a)
Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for private colleges. (Round the standard deviation to two decimal places.)
sample mean $

sample standard deviation $

Compute the sample mean (in thousand dollars) and sample standard deviation (in thousand dollars) for public colleges. (Round the standard deviation to two decimal places.)
sample mean $

sample standard deviation $

(b)
What is the point estimate (in thousand dollars) of the difference between the two population means? (Use Private βˆ’ Public.)
$

Interpret this value in terms of the annual cost (in dollars) of attending private and public colleges.
We estimate that the mean annual cost to attend private colleges is $

more than the mean annual cost to attend public college
(c)
Develop a 95% confidence interval (in thousand dollars) of the difference between the mean annual cost of attending private and public colleges. (Use Private βˆ’ Public. Round your answers to one decimal place.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:00
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
question
Business, 22.06.2019 11:50
Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.
Answers: 2
question
Business, 22.06.2019 12:00
Describe the three different ways the argument section of a cover letter can be formatted
Answers: 1
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
You know the right answer?
The increasing annual cost (including tuition, room, board, books, and fees) to attend college has b...
Questions
question
Advanced Placement (AP), 02.12.2020 05:30
question
Chemistry, 02.12.2020 05:30
question
English, 02.12.2020 05:30
Questions on the website: 13722367