Last year the government made a claim that the average income of the American people was $34,700. However, a sample of 30 people taken recently showed an average income of $34,375 with a population standard deviation of $1033. Is the government’s estimate correct? Conduct a significance test to see if the true mean is equal to the reported average. Use an alpha = 0.01. Find the value of p. a..081 b..091 c..084 d..087
Last year the government made a claim that the average income of the American people was $34,700. However, a sample of 30 people taken recently showed an average income of $34,375 with a population standard deviation of $1033. Is the government’s estimate correct? Conduct a significance test to see if the true mean is equal to the reported average. Use an alpha = 0.01. Find the value of p. a..081 b..091 c..084 d..087
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Last year the government made a claim that the average income of the American people was $34,700. However, a sample of 30 people taken recently showed an average income of $34,375 with a population standard deviation of $1033. Is the government’s estimate correct? Conduct a significance test to see if the true mean is equal to the reported average. Use an alpha = 0.01. Find the value of p.
a..081
b..091
c..084
d..087
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