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Are confidence intervals one-tailed or two-tailed

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Reference no: EM132245701

Description

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows:

Treadmill                 Exercise     Bike

Total sold                 195          138

Service contracts      60             45

The store can only sell a service contract on a new piece of equipment. Of the 195 treadmills sold, 60 purchased a service contract. Of the 138 exercise bikes, 45 purchased a service contract.

Remember to watch the instructional video and use the excel template provided to help you with the math.

Complete the following questions in the space provided below:

Is there a major difference between the two pieces of equipment? Why or why not?

Interpret the meaning of the confidence interval for Treadmills at a 95% confidence level.

Interpret the meaning of the confidence interval for Exercise Bikes at a 95% confidence level.

Are confidence intervals one-tailed or two-tailed?

Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.

Reference no: EM132245701

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