THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 50

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A computer information systems manager was in charge of purchasing new battery packs for laptop computers.The choices were narrowed to two available models.Since the two models cost about the same,the manager was interested in determining whether there was a difference in the average time the battery packs would function before needing to be recharged.Based on two independent random samples,the following summary information was computed:

-Find a 90% confidence interval for the difference in average functioning time before recharging the two models.

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Definitions:

Shares Outstanding

The total number of shares that are currently owned by shareholders, including restricted shares owned by the company's officers and insiders as well as those held by the public.

Market Price

The market price at which you can currently buy or sell an asset or service.

Cash Deal

A transaction where the payment for a good, service, or acquisition is made entirely with cash instead of financing or stock exchanges.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of an asset in the open market.