Question: 17. A marketing study found that the mean spending in 15 categories of consumer items for 297 respondents in the 1834 age group was $71.86

17. 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 deviation were $61.53 and $45.29, respectively. Develop 95% confidence intervals for the mean spending amounts for each age group. What conclusions can you draw?

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