A B C D 1 Metropolit Debt Income Unemployment 2 Washingto 1259 102 11 3 Seattle 1117 81.2 9 4 Baltimore 1091 79 6.6 5 Boston 1119 87.8 7.2 6 Denver 1118 80.6 4.1 7 San Francis 1146 89.5 8.4 8 San Diego 1080 80.2 14.7 9 Sacrament 1092 72 10.2 10 Los Angeles 999 72.8 17.2 11 Chicago 998 70.6 14.7 12 Philadelph 1053 80.3 11 13 Minneapoli 1016 85.5 4.2 14 New York 1001 82.5 13.5 15 Atlanta 994 69.8 7.7 16 Dallas 971 67 5.9 17 Phoenix 909 67.1 5.4 18 Portland 989 70.8 9.7 19 Cincinnati 902 69 7.6 20 Houston 907 61.7 4 21 Columbus 938 68.8 4.7 22 St. Louis 893 69.1 8.7 23 Miami 910 57.5 17.1 24 Detroit 838 73.7 20.7 25 Cleveland 790 64.8 5.1 26 Tampa 826 63 14.2 27 Pittsburgh 737 60.2 12.6 28 29 30 31 32 33 34 E F G H 6 0.88/1 points awarded Exercise 6-47 Algo The data accompanying this exercise show the average monthly debt payments (Debt in $) for residents of 26 metropolitan areas. Click here for the Excel Data File a. Specify the null and the alternative hypotheses in order to test whether average monthly debt payments are greater than $900. Scored Ho: S 900; versus HA P. > 900 b. What assumption regarding the population is necessary to implement this step? Unimodal and fairly symmetric Unimodal and skewed Not necessarily unimodal and symmetric Not necessarily unimodal and skewed c-1. Calculate the value of the test statistic. Note: Round final answer to 3 decimal places. Test statistic 8.480 x 3 This window shows your responses and what was marked correct and incorrect from your previous attempt. 7 0.71/1 points awarded Exercise 6-49 Algo A report finds that Massachusetts residents spend an average of $861.75 on the lottery each year, more than three times the U.S. average (www.247wallst.com, December 18, 2020). A researcher at a Boston think tank believes that Massachusetts residents spend less than this amount. He surveys 100 Massachusetts residents and asks them about their annual expenditures on the lottery. Click here for the Excel Data File Scored a. Specify the competing hypotheses to test the researcher's claim. Ho: 861.75; versus HA: 861.75 b-1. Calculate the value of the test statistic. Note: Negative value should be indicated by a minus sign. Round final answer to 4 decimal places. Test statistic -31.4400 x b-2. Find the p-value. Op-value < 0.01 * 0.01 p-value < 0.025 Home Insert Draw Page Layout X Calibri (Body) V 11 D Paste D5 A 1 Lottery 794 BIU x fx B C [ 123456789 597 912 1132 1094 1197 410 793 10 1056 11 643 12 703 13 526 14 477 15 652 16 707 17 413 18 745 19 795 20 886 21 753 22 798 23 795 24 1108 25 821 26 773 27 741 37 Lottery Ready + Accessibility: Good to go 5.784 EX File Edit View Insert Format T AutoSave OFF Home Insert Draw Page Layout Formulas X Calibri (Body) V 11 V A A Paste D5 A 27 741 28 1252 29 1011 30 1321 31 706 32 1188 33 527 34 951 35 1008 36 1240 37 830 38 736 39 992 40 756 41 984 42 541 43 697 44 547 45 751 46 851 47 870 48 795 49 1293 50 505 51 682 52 344 53 1139 BIU V x fx B Can Lottery + A C D E AutoSave OFF G Home Insert Draw Page Layout Paste X Calibri (Body) 1 BIU V D5 A B fx C 54 619 55 732 56 1016 57 955 58 1025 59 964 60 580 61 648 62 983 63 941 64 637 65 800 66 879 67 961 68 874 69 703 70 1218 71 947 72 853 73 1031 74 1040 75 710 76 666 77 1076 858 78 601 79 516 80 978 Lottery + AutoSave OFF Home Insert Draw Page Layou Paste Calibri (Body) BIU V D5 A AV < < fx B C 81 975 82 1285 83 1131 84 1112 85 894 86 870 87 933 88 845 89 638 90 512 91 1028 92 924 93 979 94 909 95 651 96 1097 97 796 98 680 99 707 100 783 101 759 102 103 104 105 106 107 Lottery + H