The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dolla for two types of remodeling projects are as follows. Excel File: data10-41.xlsx Kitchen 25.2 17.4 22.8 21.9 19.7 Master Bedroom 18.0 22.9 26.4 24.8 26.9 Kitchen 23.0 19.7 16.9 21.8 23.6 Master Bedroom 17.8 24.6 21.0 a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as negative numbers. Report in thousands of dollars with no commas in your answer.) Point estimate = $ thousand b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers) ) in thousands of dollars. (

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars
for two types of remodeling projects are as follows.
Excel File: data 10-41.xlsx
Kitchen
25.2
17.4
22.8
21.9
19.7
Master Bedroom
18.0
22.9
26.4
24.8
26.9
Kitchen
23.0
19.7
16.9
21.8
23.6
Master Bedroom
17.8
24.6
21.0
a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as
negative numbers. Report in thousands of dollars with no commas in your answer.)
Point estimate = $
thousand
b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers)
) in thousands of dollars.
Transcribed Image Text:The National Association of Home Builders provided data on the cost of the most popular home remodeling projects. Sample data on cost in thousands of dollars for two types of remodeling projects are as follows. Excel File: data 10-41.xlsx Kitchen 25.2 17.4 22.8 21.9 19.7 Master Bedroom 18.0 22.9 26.4 24.8 26.9 Kitchen 23.0 19.7 16.9 21.8 23.6 Master Bedroom 17.8 24.6 21.0 a. Develop a point estimate of the difference between the population mean remodeling costs of kitchens and master bedrooms. (Enter negative values as negative numbers. Report in thousands of dollars with no commas in your answer.) Point estimate = $ thousand b. Develop a 90% confidence interval for the difference between the two population means. (to 1 decimal and enter negative values as negative numbers) ) in thousands of dollars.
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