In: Math
The National Association of Home Builders provided data on the
cost of the two most popular home remodeling projects. Sample data
on cost in thousands of dollars for two types of remodeling
projects are as follows.
Kitchen | Master Bedroom | Kitchen | Master Bedroom | |
27.0 | 18.0 | 23.0 | 17.8 | |
17.4 | 21.1 | 19.7 | 24.6 | |
22.8 | 26.4 | 16.9 | 22.0 | |
21.9 | 24.8 | 21.8 | ||
21.0 | 25.4 | 19.0 |
Using Kitchen as population 1 and Master Bedroom as population
2, develop a point estimate of the difference between the
population mean remodeling costs for the two types of projects (to
1 decimal).
$ thousand
Develop a 90% confidence interval for the difference between the
two population means (to 1 decimal). Use z-table.
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