The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two prices, K40 and K50, over 11 shows each which give rise to the following attendances. Price K40 2122282720232632252130 K50 1918383324392220282630 (a) Enter the data into your calculator, and calculate the mean and standard deviation of the attendance for each sample. (4) (b) Perform a statistical test to determine whether the variances of the attendance are equal under the two prices. (6) (c) Perform a t-test to determine whether the mean attendance is the same under the two prices

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
icon
Concept explainers
Topic Video
Question
. The promoter of a touring dance show wishes to analyse how the price per ticket affects the size of its audiences. She tests two prices, K40 and K50, over 11 shows each which give rise to the following attendances. Price K40 2122282720232632252130 K50 1918383324392220282630 (a) Enter the data into your calculator, and calculate the mean and standard deviation of the attendance for each sample. (4) (b) Perform a statistical test to determine whether the variances of the attendance are equal under the two prices. (6) (c) Perform a t-test to determine whether the mean attendance is the same under the two prices. (7) (d) Calculate a 95% confidence interval for the difference between the mean show rev- enue under each price. (5) (e) Without doing any further calculations, comment on which price the promoter should choose.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Centre, Spread, and Shape of a Distribution
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON