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Summary Statistics Are Given for Independent Simple Random Samples from Two

question 92

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Summary statistics are given for independent simple random samples from two populations. Use the pooled t-intervalprocedure to obtain the specified confidence interval.
- x1=72.9, s1=10.4,n1=16,x2=68.0, s2=8.3,n2=12\overline { \mathrm { x } } _ { 1 } = 72.9 , \mathrm {~s} _ { 1 } = 10.4 , \mathrm { n } _ { 1 } = 16 , \overline { \mathrm { x } } _ { 2 } = 68.0 , \mathrm {~s} _ { 2 } = 8.3 , \mathrm { n } _ { 2 } = 12
Determine a 90%90 \% confidence interval.

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Definitions:

Wage Increase

A rise in the rate of pay employees receive for their work.

Leisure

Free time not taken up by work, during which individuals can engage in activities of their choice for relaxation or pleasure.

Income

Income earned from employment or investments, typically on a consistent basis.

Consumption

The use of goods and services by households, constituting one of the major components of GDP and a primary indicator of economic health.

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