Clothing Expenditures a Marketing Consultant Was in the Process of Studying

Essay

Clothing Expenditures A marketing consultant was in the process of studying the perceptions of married couples concerning their monthly clothing expenditures. He believed that the husband's perception would be higher than the wife's. To judge his belief, he takes a random sample of ten married couples and asks each spouse to estimate the family clothing expenditure (in dollars)during the previous month. The data are shown below. {Clothing Expenditures Narrative} Briefly describe what the interval estimate tells you.