Compute a 99% CI For $\mu _ { 1 } - \mu _ { 2 }$

question 54

Essay

Compute a 99% CI for $\mu _ { 1 } - \mu _ { 2 }$ using the following data: $$\begin{array} { l l l l l l l l l } \text { Sample A: } & 1.72 & 0.67 & 1.55 & 1.56 & 1.42 & 1.23 & 1.77 & 0.48 \\\text { Sample B: } & 0.98 & 1.40 & 1.33 & 1.52 & 0.73 & 1.20 & &\end{array}$$

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Definitions:

$1

A unit of currency in the United States, equivalent to 100 cents, represented both as a coin and a paper bill.

Prices of Inputs

The costs associated with purchasing the raw materials, labor, and other resources needed to produce goods or services.

Produce

To create or manufacture goods from raw materials, often associated with agricultural products and food production.

Transport

The movement of people, animals, or goods from one location to another through various modes such as road, rail, air, or sea.