THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 77

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
For constructing a 95% confidence interval estimate for the difference between the means of two normally distributed populations,where the unknown population variances are assumed not to be equal,the summary statistics computed from two independent samples are as follows:
n₁ = 50,
₁ = 175,s₁ = 18.5,n₂ = 42,
₂ = 158,and s₂ = 32.4
-What is the upper confidence limit of the 95% confidence interval for the difference between the means?

---

Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.

Quantity Supplied

The total amount of a good or service that sellers are willing and able to sell at a given price over a specified period.

Excess Demand

A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.

Price Floor

A government or regulatory minimum price set above the equilibrium price, intended to protect producers.