How do I simplify this expression?
2 answers:
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Answer:
Step-by-step explanation:
a. -Given that:
#The point estimator of the difference between the population mean expenditure for males and the population mean expenditure for females is calculated as:
Hence, the pointer is estimator 67.03
b. The standard error of the point estimator, is calculated by the following following:
-And the margin of error, E at a 99% confidence can be calculated as:
Hence, the margin of error is 15.7416
c. The estimator confidence interval is calculated using the following formula:
#We substitute to solve for the confidence interval using the standard deviation and sample size values in a above:
Hence, the 99% confidence interval is [51.2884,82.7716]