Living cost. An analysis of the monthly living cost (in $) of 2,544 individuals living in the

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Living cost. An analysis of the monthly living cost (in

$) of 2,544 individuals living in the city and 1,939 individuals living in the rural area reveals the following summary statistics:

Area n Mean SD City 2544 2530 134.141 Rural 1939 1564 98.083 Is there a difference in living cost between the individual living in city and rural?

a) Write the null and alternative hypotheses.

b) What conditions would you check?

c) Test the hypothesis, and find the P-value.

d) Is there a significant difference in the living cost between city and rural?

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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Question Posted: Sep 07, 2024 08:03 AM

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Living cost. An analysis of the monthly living cost (in $) of 2,544 individuals living in the

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Business Statistics

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