In: Math
1. Do consumers spend more on a trip to Walmart or
Target? Suppose researchers interested in this question collected a
systematic sample from 85 Walmart customers and 80 Target customers
by asking customers for their purchase amount as they left the
stores. The data collected are summarized in the table below.
Walmart
Target
sample size
85
80
sample mean
$45
$53
sample std dev
$20
$18
a. Check the conditions to create a confidence
interval for the difference in spending at the two stores.
b. Create a 95% confidence interval for the difference
in spending at the two stores. (Note: We don’t have the full data,
so you can use the formulas on page 342 or a program that doesn’t
require it.)
c. Interpret your confidence interval with a
sentence.
d. Your CI from part b does not contain zero. Does that
mean the difference in spending at the two stores is statistically
significant? Why or why not?