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A researcher claims that the mean annual cost of raising a child (age 2 and under) by husband-wife families in rural areas is $11,060. In

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A researcher claims that the mean annual cost of raising a child (age 2 and under) by husband-wife families in rural areas is $11,060. In a random sample of husband-wife families in rural areas, the mean annual cost of a raising a child (age 2 and under) is $10,920 with a standard deviation of $1,561. The sample consists of 800 children. Use a 0.01 significance to test whether the mean annual cost of raising a child differs significantly from the researcher's claim. (a) State the null and alternative hypothesis. Ho : H1: (b) What is the value of the test statistic? (Round to two decimal places) (c) What is the P-value? (Round to four decimal places) (d) State the decision made regarding the null hypothesis. * Ho. (e) State the conclusion of the test. There is # evidence to conclude that the mean annual cost of raising a child

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