A marketing study found that the mean spending in 15 categories of consumer items for 297 respondents

Question:

A marketing study found that the mean spending in 15 categories of consumer items for 297 respondents in the 18–34 age group was $71.86 with a standard deviation of $70.90. For 736 respondents in the 35+ age group, the mean and standard deviations were $61.53 and $45.29, respectively. Develop 95% confidence intervals for the difference in mean spending amounts between each age group. What assumption did you make about equality of variances?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: