The USA Today reports that the average expenditure on Valentine's Day is $100.89. Do male and female consumers differ in the amo
1 answer:
Answer: $ 67.03
Step-by-step explanation:
Given : The average expenditure in a sample survey of 50 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64.
i.e.
The best point estimate of the difference between the two population means is given by :-
Hence, the point estimate of the difference between the population mean expenditure for males and the population mean expenditure for females : $ 67.03
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To round 0.625 to the nearest hundredth, we go to the second decimal place, which is 5, so we round up to 0.63.
To round 0.625 to the nearest hundredth, we go to the second decimal place, which is 5, so we round up to 0.63.
This is because
And
For this reason,
Positive indices mean we have to multiply the same number twice or thrice based on the value of the index. On the other hand, negative indices mean we have to divide by the same number twice or thrice based on the value of the index.