A local retail company wants to estimate the mean amount spent by customers. Their
store’s budget limits the number of surveys to 225. What is their maximum error of the
estimated mean amount spent for a 99% level of confidence and an estimated standard
deviation of $10.00?
A. $10
B. $1.00
C. 1%
D. $1.72
A large department store examined a sample of the 18 credit card sales and recorded the
amounts charged for each of three types of credit cards: MasterCard, Visa, and
Discover. Six MasterCard sales, seven Visa, and five Discover sales were recorded. The
store used an ANOVA to test if the mean sales for each credit card were equal. What are
the degrees of freedom for the F statistic?
A. 18 in the numerator, 3 in the denominator
B. 3 in the numerator, 18 in the denominator
C. 2 in the numerator, 15 in the denominator
D. 6 in the numerator, 15 in the denominator