The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information.
|
|
Store's Card
|
Major Credit Card
|
|
Sample size
|
64
|
49
|
|
Sample mean
|
$140
|
$125
|
|
Population standard deviation
|
$10
|
$8
|
At 95% confidence, the margin of error is:
A. 1.694
B. 3.32
C. 1.96
D. 15