The Cranston Hardware Company Is Interested in Estimating the Difference

question 96

True/False

The Cranston Hardware Company is interested in estimating the difference in the mean purchase for men customers versus women customers.It wishes to estimate this difference using a 95 percent confidence level.Assume that the variances are equal and the populations normally distributed.The following data represent independent samples from each population:
Based on these data,the company can conclude that there is a statistical difference between men and women with regard to mean spending at the hardware store with men tending to spend more on average than women.

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Definitions:

Publicly Held Corporation

A corporation whose shares are eligible to be publicly traded in securities markets, such as the New York Stock Exchange.

Securities Markets

Financial marketplaces where securities such as stocks and bonds are issued and traded between investors.

New York Stock Exchange

A leading global securities exchange where buyers and sellers trade shares in public companies.

Subchapter S

A section of the Internal Revenue Code allowing corporations with 100 shareholders or less to be taxed as a partnership, avoiding double taxation.