Mathematics, 14.02.2022 16:30 wiljoystoltz253
The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information.
Store's Card
Major Credit Card
Sample size
64
49
Sample mean
$140
$125
Population standard deviation
$10
$8
A point estimate for the difference between the mean purchases of all users of the two credit cards is?
At 95% confidence, the margin of error is?
A 95% confidence interval estimate for the difference between the average purchases of all customers using the two different credit cards is?
Answers: 1
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