Beltway Shoe Company sells luxury leather shoes in the United States. The company monitors its shoe sales
Question:
Beltway Shoe Company sells luxury leather shoes in the United States. The company monitors its shoe sales by collecting randomly chosen data from store locations throughout the country. They record original price, sale price, and number of days it takes to sell each unit. Each pair of shoes is classified as “Eastern Region" if it is sold in the Eastern part of the United States, or as “Western Region" if it is sold in the Western part of the country. Randomly chosen samples provided sales data for 50 Western Region and 50 Eastern Region pairs of shoes. The complete data set is in the file named Shoes, linked at the bottom of the page.
Managerial Report
Prepare a report (see below) that summarizes your assessment of the nature of the shoe market in each region. Be sure to include the following seven (7) items in your report.
I need help with this section of the problem.
Develop a 90% confidence interval estimate of the population mean sales price and populationmean number of days to sell for pairs of Beltway Shoes in the Eastern Region. Interpret your results.
Western Region | Eastern Region | ||||
Original Price | Sale Price | Days to Sell | Original Price | Sale Price | Days to Sell |
82 | 60 | 20 | 148 | 139 | 33 |
140 | 123 | 26 | 103 | 89 | 59 |
80 | 70 | 16 | 112 | 100 | 189 |
89 | 50 | 72 | 81 | 61 | 145 |
135 | 120 | 18 | 136 | 100 | 91 |
146 | 143 | 109 | 112 | 89 | 66 |
80 | 80 | 79 | 121 | 100 | 81 |
125 | 100 | 130 | 83 | 60 | 65 |
70 | 60 | 100 | 99 | 80 | 100 |
81 | 52 | 96 | 93 | 65 | 15 |
103 | 95 | 14 | 98 | 70 | 34 |
118 | 100 | 33 | 106 | 100 | 102 |
136 | 100 | 101 | 109 | 99 | 45 |
101 | 50 | 55 | 102 | 89 | 166 |
140 | 75 | 69 | 96 | 96 | 50 |
73 | 42 | 120 | 103 | 40 | 56 |
135 | 99 | 90 | 84 | 60 | 102 |
89 | 40 | 40 | 96 | 50 | 71 |
144 | 60 | 130 | 125 | 75 | 45 |
109 | 45 | 23 | 136 | 100 | 80 |
145 | 100 | 106 | 103 | 103 | 33 |
81 | 50 | 133 | 82 | 60 | 25 |
136 | 70 | 62 | 149 | 100 | 23 |
110 | 88 | 74 | 92 | 88 | 45 |
137 | 137 | 101 | 111 | 100 | 77 |
132 | 50 | 96 | 148 | 70 | 100 |
75 | 42 | 98 | 98 | 68 | 65 |
71 | 62 | 189 | 102 | 82 | 34 |
109 | 89 | 122 | 109 | 100 | 144 |
130 | 119 | 108 | 137 | 137 | 2 |
108 | 89 | 19 | 85 | 65 | 34 |
146 | 100 | 125 | 94 | 84 | 45 |
98 | 80 | 15 | 141 | 141 | 100 |
82 | 50 | 7 | 131 | 120 | 8 |
79 | 79 | 1 | 130 | 120 | 10 |
138 | 99 | 17 | 107 | 80 | 45 |
95 | 79 | 23 | 113 | 80 | 120 |
136 | 129 | 30 | 142 | 100 | 100 |
74 | 34 | 17 | 105 | 60 | 36 |
139 | 100 | 25 | 140 | 70 | 75 |
143 | 89 | 120 | 83 | 43 | 69 |
120 | 109 | 35 | 97 | 90 | 45 |
75 | 75 | 25 | 95 | 90 | 38 |
136 | 69 | 15 | 129 | 99 | 56 |
124 | 100 | 75 | 93 | 60 | 71 |
132 | 69 | 25 | 118 | 100 | 34 |
91 | 79 | 33 | 89 | 80 | 55 |
80 | 50 | 49 | 73 | 60 | 67 |
54 | 54 | 100 | 79 | 60 | 78 |
68 | 58 | 75 | 103 | 70 | 114 |
Business Statistics A First Course
ISBN: 978-0321979018
7th edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan