Construct and interpret the confidence interval

Reference no: EM131407779

In a Maritz AmeriPoll survey, 16.6% of 500 males said they spend over $1000 per year on clothing. In a survey of 500 females, 11.8% said they spend over $1000 per year on clothing. In a two-tail test at the 0.01 level of significance, can we conclude that males might not differ from females in their likelihood of spending over $1000 per year on clothing?

Determine and interpret the p-value for the test, then construct and interpret the 99% confidence interval for the difference between the population proportions.

Reference no: EM131407779

Questions Cloud

Determine and interpret the p value for given test : According to the U.S. National Center for Education Statistics, 80% of college and university teachers use computers on the job, compared to 60% of teachers below the college level.- Determine and interpret the p-value for the test.

What is dsf''s degree of financial leverage (dfl) : Debbie's Sod Farm (DSF) expects its EBIT to be $2,250 this year. DSF's marginal tax rate is 40 percent, it must pay $1,000 in interest this year, and it has 500 shares of common stock outstanding.

Interview a purchasing and supply management : Interview a purchasing and supply management professional in a private or public organization (for example a purchasing and supply associate, a Chief Purchasing Officer, or a business manager in a K-12 school system).

How well you explain the mental process being reviewed : How well you explain the mental process being reviewed? How well you apply the mental process to the selected problem? How logical your solutions are based on the problem and the mental process chosen?

Construct and interpret the confidence interval : Determine and interpret the p-value for the test, then construct and interpret the 99% confidence interval for the difference between the population proportions.

Examine the impact that reintroduction of greek knowledge : The narrative of Western European history, as well as that of the United States, often starts with the legacies of the Greeks and the Romans. However, this legacy was largely lost to Europe until the eleventh and twelfth centuries.

What is mercury''s financial breakeven point : Mercury Air's debt consists of $50,000 in accounts payable, $100,000 in 10 percent notes payable, and $240,000 in 8 percent bonds. Mercury has no preferred stock. If its marginal tax rate is 35 percent, what is Mercury's financial breakeven point?

Assignment roles and styles of odc : Write a two- to three-page paper (excluding the title and reference pages) defining the various components of the roles and styles of Organizational Development Consultants (ODC). Based on your research, compare and contrast the roles and styles o..

Problem regarding the current business strategy : 1. Assess the company's current business strategy and identify changes that are necessary to accommodate the e-commerce strategy. 2. Elaborate on the specific rationale for implementing the e-commerce solution.

User Account

All Pages