Question
A report finds that Massachusetts residents spend an average of $861.52 on the lottery each year, more than three times the U.S. average (www.247wallst.com, December
A report finds that Massachusetts residents spend an average of $861.52 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
a.Specify the competing hypotheses to test the researcher's claim.
b-1.Calculate the value of the test statistic.
b-2.Find thep-value.
c.Atthe 10% significance level, do the data support the researcher's claim? Explain
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