Question

In: Math

A travel magazine conducts an annual survey where readers rate their favorite cruise ship. Ships are...

A travel magazine conducts an annual survey where readers rate their favorite cruise ship. Ships are rated on a 10 point scale, with higher values indicating better service. A sample of 55 ships that carry fewer than 500 passengers resulted in a average rating of 6.36 with standard deviation 0.63. A sample of 25 ships that carry more than 500 passengers resulted in an average rating of 6.12 with standard deviation 0.78.

Give a 95% confidence interval of the difference between the population mean ratings for smaller ships and the population mean ratings for larger ships. (Note, the order of subtraction matters...look at the wording carefully.)

±±  Rounded to 2 decimal places.

Solutions

Expert Solution

Let sample 1 be the ships that carry fewer than 500 passengers

Let sample 2 be the ships that carry more than 500 passengers


Related Solutions

Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36 , and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.9. Assume that the population standard deviation is 4.59 for ships that carry fewer than...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of ships that carry fewer than 500 passengers and a sample of ships that carry 500 or more passengers is provided in the Microsoft Excel Online file below (Condé Nast Traveler, February 2008). Round your all answers to two decimal places. Smaller Ships Larger Ships 93.9 81.4 84.11 85.67...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 36 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44ships that carry 500 or more passengers provided an average rating of 81.4 . Assume that the population standard deviation is  for 4.52 ships that carry fewer than 500 passengers...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.40. Assume that the population standard deviation is 4.55 for ships that carry fewer than 500...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.40. Assume that the population standard deviation is 4.55 for ships that carry fewer than 500...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.40. Assume that the population standard deviation is 4.55 for ships that carry fewer than 500...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of ships that carry fewer than 500 passengers and a sample of ships that carry 500 or more passengers is provided in the Microsoft Excel Online file below (Condé Nast Traveler, February 2008). Smaller Ships 94.8 84.11 87.48 83.06 92.1 72.96 77.41 85.78 80.77 89.7 85.45 86.53 80.84 88.14...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100 point scale, with higher values indicating better service. A sample of 37 ships that carry fewer than 500 passengers resulted in an average rating of 85.36, and a sample of 44 ships that carry 500 or more passengers provided an average rating of 81.4. Assume that the population standard deviation is 4.55 for ships that carry fewer than...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All...
Condé Nast Traveler conducts an annual survey in which readers rate their favorite cruise ship. All ships are rated on a 100-point scale, with higher values indicating better service. A sample of 36 ships that carry fewer than 500 passengers resulted in an average rating of 85.33 , and a sample of 43 ships that carry 500 or more passengers provided an average rating of 81.3. Assume that the population standard deviation is 4.55 for ships that carry fewer than...
A cruise ship company is considering the purchase of 3 large ships for a total cost...
A cruise ship company is considering the purchase of 3 large ships for a total cost of $2,500,000. The company is also considering the purchase of 5 small ships for a total cost of $1,400,000. Both fleets would have estimated useful lives of 20 years. The discount rate for both alternatives is 9% Information regarding these two alternatives is as follows: 3 large ships 5 small ships Annual revenues (accrued) $500,000 $380,000 Annual expenses (accrued) $200,000 $180,000 Annual cash inflows...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT