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Author Question: In order to estimate the difference between the average daily sales of two branches of a department ... (Read 72 times)

jlbond23

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In order to estimate the difference between the average daily sales of two branches of a department store, the following data has been gathered.

 Downtown StoreNorth Mall Store
Sample sizen1 = 23 daysn2 = 26 days
Sample mean (in $1,000) = 37 = 34
Sample standard deviation (in $1,000)S1 = 4S2 = 5


a.Determine the point estimate of the difference between the means.
b.Determine the degrees of freedom for this interval estimation.
c.Compute the margin of error.
d.Develop a 95% confidence interval for the difference between the two population means.



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Marked as best answer by jlbond23 on Mar 25, 2023

bmac98

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jlbond23

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Reply 2 on: Mar 25, 2023
:D TYSM


FergA

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Reply 3 on: Yesterday
Wow, this really help

 

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