Answer:
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Answer:
We can be 95% confident that consumers spend between $4.04 and $15.96 less at Store A than the consumers spend at Store B.
Step-by-step explanation:
Confidence Intervals give an estimate as range of values for a statistic concerned at a <em>confidence level</em>.
In this case the statistic is the mean difference between Store A and Store B purchase amounts and the confidence level is 95%.
Confidence Interval can be calculated using M±ME where
- M is the sample mean difference between Store A and Store B purchase amounts
- ME is the margin of error from the mean
Answer:
$12.75
Step-by-step explanation:
If you multiply 4.25 by 3 then you get 12.75.
