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A Coffee Shop Franchise Owner Is Looking at Two Possible

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A coffee shop franchise owner is looking at two possible locations for a new shop. To help him decide, he looks at the number of pedestrians that go by each of the two locations in one-hour segments. At location A, counts are taken for 35 one-hour units, with a mean number of pedestrians of 421 and a sample standard deviation of 122. At the second location (B), counts are taken for 50 one-hour units, with a mean number of pedestrians of 347 and a sample standard deviation of 85. Assume the two population variances are not known but are equal. Calculate a 95 percent confidence interval for the difference in pedestrian traffic at the two locations.

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Definitions:

Productivity

A measure of the efficiency with which goods and services are produced, often expressed as output per unit of labor.

Real GDP Per-Person

A measure of a country's economic output that accounts for population size, providing an average economic output per individual, adjusted for inflation.

Canada

Canada is a country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and strong economy.

Productivity

The efficiency of production of goods or services expressed as the ratio of output to inputs used.

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