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MAT 510 Strayer University Equipments Sold Business Statistics Questions

MAT 510 Strayer University Equipments Sold Business Statistics Questions

Question Description

Suppose a sporting goods store sold treadmills, exercise bikes, and equipment service contracts over the past six months as shown in the table below.

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Equipment and Service Contract Sales

Treadmill

Exercise Bike

Equipment Sales

185

123

Service Contract Sales

67

55

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The store can only sell a service contract on a new piece of equipment. Of the 185 treadmills sold, 67 included a service contract and 118 did not.

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Respond to the following in a Word document and submit:

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  1. Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.

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The confidence Interval is found using the formula below:

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Confidence Interval =

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  1. Determine if there is or is not a major difference between the two pieces of equipment and provide a rationale for your response.

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