Question: Please see below Save Submit Assignment for Grading Exercise 10.05 Algo (Inferences About the Difference Between Two Population Means: Sigmas Known) Question 2 of 14
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Save Submit Assignment for Grading Exercise 10.05 Algo (Inferences About the Difference Between Two Population Means: Sigmas Known) Question 2 of 14 > 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 46 male consumers was $138.26, and the average expenditure in a sample survey of 35 female consumers was $60.05. Based on past surveys, the standard deviation for male consumers is assumed to be $31, and the standard deviation for female consumers is assumed to be $12. 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? b. At 99% confidence, what is the margin of error? c. Develop a 99% confidence interval for the difference between the two population means. to 4 Hint(s) Check My Work
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