Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A group of young business woman wish to open high fashion boutiqe in avacant store but only if the average income of house hold in
A group of young business woman wish to open high fashion boutiqe in avacant store but only if the average income of house hold in the area is atleast $25000 . a randum sample of 9 house hold show the following results :
$28000
$24000
$26000
$25000
$23000
$27000
$26000
$22000
$24000
Assume the population of income is normally distributed . What is the test statistic for level of significance
a) t -0.5
b) z-0.5
c) t-0
d) z-0
e) t=0.05
f) tg=0
g) tg/2=0.025
h) tg=0.05
i) tg= -1.86
j) t= -1.86
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started