Question: Hint(s) Check My Work USA Today reports that the average expenditure on Valentine's Day was expected to be $100.89. Do male and female consumers differ

Hint(s) Check My Work USA Today reports that the average expenditure on Valentine's Day was expected to be $100.89. Do male and female consumers differ in the amounts they spend? The average expenditure in a sample survey of 58 male consumers was $133.65, and the average expenditure in a sample survey of 39 female consumers was $62.86. Based on past surveys, the standard deviation for male consumers is assumed to be $30, and the standard deviation for female consumers is assumed to be $16. The z value is 2.576. Round your answers to 2 decimal places. a. What is the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females? 70.79 b. At 99% confidence, what is the margin of error? 29 c. Develop a 99% confidence interval for the difference between the two population means. to
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
