Q-Mart Is Interested in Comparing Its Male and Female Customers

question 57

Essay

Q-Mart is interested in comparing its male and female customers. Q-Mart would like to know if its female charge customers spend more money, on average, than its male charge customers. They have collected random samples of 25 female customers and 22 male customers. On average, women charge customers spend $102.23 and men charge customers spend $86.46. Some information are shown below.
-(A) Use a t - value of 2.014 to calculate a 95% confidence interval for the difference between the average female purchase and the average male purchase. Would you conclude that there is a significant difference between females and males in this case? Explain.
(B) What are the degrees of freedom for the t-multiple in this calculation? Explain how you would calculate the degrees of freedom in this case.
(C) What is the assumption in this case that allows you to use the pooled standard deviation for this confidence interval?

Understand the components and increase/decrease effects on stockholders' equity accounts.

Know how to calculate the balance of an account.

Understand how to determine total assets from a list of accounts.

Understand the characteristics and classification of liabilities, including their normal balance and examples.