A Social Worker Was Interested in Determining Whether There Is

question 162

Essay

A social worker was interested in determining whether there is a significant difference in the average monthly cost per child for childcare outside the home between state supported facilities and privately owned facilities. Two independent random samples were selected yielding the following information: Find a 90% confidence interval for the true difference in average monthly cost of the childcare.
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Based on the interval above, can one conclude there is a significant difference in average cost of childcare between the state supported facilities and privately owned facilities?
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Explain.
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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to update the accounts and ensure they reflect all revenues earned and expenses incurred during the period.

Deferred Revenue

Income received by a company for goods or services yet to be provided; recognized as a liability until the service or product is delivered.

Journal Entry

A record in accounting that represents a transaction where debits and credits are equal, documenting financial transactions in the ledger.