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A university wants to compare out-of-state applicants' mean SAT math scores (μ1) to in-state applicants' mean SAT math scores (μ2) . The university looks at 35 in-state applicants and 35 out-of-state applicants. The mean SAT math score for in-state applicants was 540, with a standard deviation of 20. The mean SAT math score for out-of-state applicants was 555, with a standard deviation of 25. It is reasonable to assume the corresponding population standard deviations are equal. Calculate a 95% confidence interval for the difference μ1 - μ2.
Upward-Sloping
Refers to a line or curve on a graph that moves higher as it travels from left to right, indicating an increase in one variable as another variable increases.
Leather Shoes
Footwear made from the hide of animals, treated and crafted into durable goods.
Excise Tax
A tax levied on specific goods, services, or transactions, often imposed on items such as gasoline, tobacco, and alcohol for revenue or to discourage consumption.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of the good supplied by producers.
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