Mathematics, 09.04.2021 01:00 bluenblonderw
K. Brew sells a wide variety of outdoor equipment and clothing. The company sells both through mail order and via the internet. Random samples of sales receipts were studied for mail-order sales and internet sales, with the total purchase being recorded for each sale. A random sample of 8 sales receipts for mail-order sales results in a mean sale amount of $76.10 with a standard deviation of $24.75. A random sample of 17 sales receipts for internet sales results in a mean sale amount of $66.00 with a standard deviation of $16.25. Using this data, find the 95% confidence interval for the true mean difference between the mean amount of mail-order purchases and the mean amount of internet purchases. Assume that the population variances are not equal and that the two populations are normally distributed. Step 1 of 3: Find the point estimate that should be used in constructing the confidence interval.
Answers: 1
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K. Brew sells a wide variety of outdoor equipment and clothing. The company sells both through mail...
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