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A recent study focused on the amount of money single men and women save monthly. The information is summarized here. Assume that the population standard
A recent study focused on the amount of money single men and women save monthly. The information is summarized here. Assume that the population standard deviations are equal.
Sample SizeSample MeanPopulation Standard DeviationMen25235Women302810
At the 0.01 significance level, do women save more money than men? What is the critical value for this hypothesis test?
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