Question
A Gallup survey found the mean charitable contribution on federal tax returns was $1025 ( USA Tomorrow , April 10, 2000). Assume a sample of
A Gallup survey found the mean charitable contribution on federal tax returns was $1025 (
USA
Tomorrow
, April 10, 2000). Assume a sample
of April 2001 tax returns will be used to conduct a
hypothesis test designed to determine whether any change has occurred in the mean charitable
contributions.
a.
Formulate the null and alternative hypotheses.
b.
Assume that a sample of 250 tax returns has
a sample mean of $1100 and a sample
standard deviation of $865. What is the value of the test statistic?
c.
What is the
p
-
value?
d.
Using
a
= .05, what is your conclusion?
e.
If you use the critical value approach, what would your critical value be?
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