MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Please only round final answer. Round final answer to 2 decimal places. 

You are a sales manager for a grocery store, and you want to see if the
introduction of a new sales promotion will increase the sales in your store. To
do so, you decided to create an experiment by giving a small sample of
customers the promotion before expanding it to a larger customer base. You
gave 12 people the promotion, and also observed the sales of 17 people who
did not get the promotion as a control group. You found those who received
the promotion to have an average monthly sales of $454.81, with a sample
standard deviation of $46.79. You found those who did not receive the
promotion had an average monthly sales of $387.23, with a sample standard
deviation of $70.06.
Suppose you want to create a confidence interval for
promotion no promotion. What is the standard error of the
difference between sample averages in your analysis?
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Transcribed Image Text:You are a sales manager for a grocery store, and you want to see if the introduction of a new sales promotion will increase the sales in your store. To do so, you decided to create an experiment by giving a small sample of customers the promotion before expanding it to a larger customer base. You gave 12 people the promotion, and also observed the sales of 17 people who did not get the promotion as a control group. You found those who received the promotion to have an average monthly sales of $454.81, with a sample standard deviation of $46.79. You found those who did not receive the promotion had an average monthly sales of $387.23, with a sample standard deviation of $70.06. Suppose you want to create a confidence interval for promotion no promotion. What is the standard error of the difference between sample averages in your analysis?
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