Jason's grandparents on the paternal vs maternal sides seem to have a very different view on giving expensive gifts for holidays. Since Jason took a stats class a year ago they have been collecting data on the difference in average gift amount between the two sets of grandparents. Upon calculation of a 90% confidence interval for " Jason got the interval (10, 30). Since its been a year since Jason took statistics, please interpret these results for them in the simplest language possible.
Note: it is most important for Jason to know which set of grandparents (dads side or moms side) shows their love with the more expensive gifts.
We consider that difference in average gift amount is between the paternal side and the maternal side (and not the other way round since it is mentioned in the first line of the question).
Interpretation of the confidence interval in Statistical language:
We are 90% confident that the true difference in average gift amount lies in the interval (10,30).
Interpretation in simple language:
We are highly confident to conclude that the paternal side paid more for the gift in the range 10 to 30 currency units compared to the maternal side. This means that the paternal side (dad's side) of grandparents show their love more with more expensive gifts compared to the maternal side(mom's side) of grandparents.
Jason's grandparents on the paternal vs maternal sides seem to have a very different view on...