subject
Mathematics, 29.07.2021 03:50 kasonlowery

A marketing firm is doing research for an Internet-based company. It wants to appeal to the age group of people who spend the most money online. The company wants to know if there is a difference in the mean amount of money people spend per month on Internet purchases depending on their age bracket. The marketing firm looked at two age groups, 18-24 years and 25-30 years, and collected the data shown in the following table. Let Population 1 be the amount of money spent per month on Internet purchases by people in the 18-24 age bracket and Population 2 be the amount of money spent per month on Internet purchases by people in the 25-30 age bracket. Assume that the population variances are not the same. Internet Spending per Month
18-24 Years25-30 Years
Mean Amount Spent56.8143.19
Standard Deviation16.9512.83
Sample Size2319
Step 1 of 2:
Construct a 95% confidence interval for the true difference between the mean amounts of money per month that people in these two age groups spend on Internet purchases. Round the endpoints of the interval to two decimal places, if necessary.
Interpret the confidence interval (0.29,14.27)(0.29,14.27) obtained in Step 1. and why?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
Sara can take no more than 22 pounds of luggage on a trip.her suitcase weighs 112 ounces.how many more pounds can she pack without going over the limit?
Answers: 1
question
Mathematics, 21.06.2019 19:30
The position of a moving particle is given by the position function: f(t)=-9t-t^2-0.2t^3+0.1t^4 a. at what time does the particle reverse direction? b. when is the displacement positive? (round one decimal place and answer in interval notation) c. when is the displacement negative? (round one decimal place and answer in interval notation) d. when is the particle’s acceleration positive? (round one decimal place and answer in interval notation) e. when is the particle’s acceleration negative? (round one decimal place and answer in interval notation)
Answers: 3
question
Mathematics, 21.06.2019 19:50
Given that abcd is a rhombus, what is the value of x?
Answers: 3
question
Mathematics, 21.06.2019 21:30
The length of a field is 100 yards and its width is 75 yards. if 1 inch represents 25 yards, what would be the dimensions of the field drawn on a sheet of paper?
Answers: 1
You know the right answer?
A marketing firm is doing research for an Internet-based company. It wants to appeal to the age grou...
Questions
question
Mathematics, 09.12.2021 03:50
question
Mathematics, 09.12.2021 03:50
question
Spanish, 09.12.2021 03:50
question
Mathematics, 09.12.2021 03:50
question
Computers and Technology, 09.12.2021 03:50
Questions on the website: 13722367