The recommendations of respected wine critics such as Robert M. Parker, Jr. have a substantial effect on the price of
(a) Do the ratings meet the conditions needed for a two-sample confidence interval?
(b) Find the 95% confidence interval for the difference in average ratings for these two vintages. Does one of the years look better than the other?
(c) Suggest one or two possible sources of confounding that might distort the confidence interval reported in part (b).
(d) Round the endpoints of the interval as needed for presenting it as part of a message.
(e) Given a choice between a 2000 and 2001 vintage at the same price, which produces higher ratings? Does it matter?
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Question Posted: July 14, 2015 09:41:26