The U.S. Census Bureau reports family incomes on a yearly basis. Incomes increased between 2005 and 2010.
Question:
a. Determine if the income of families in the United States in 2005 to 2010 had different standard deviations. Use a significance level of 0.05.
b. Would it be valid to use a two-sample t -test on these data to determine if the average of incomes of U.S. families was different between 2005 and 2010? Explain.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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