Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A United Nations report shows the mean family income for Mexican migrants to the United States is $31,140 per year. A FLOC (Farm Labor Organizing

A United Nations report shows the mean family income for Mexican migrants to the United States is $31,140 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 25 Mexican family units reveals a mean to be $38,690 with a sample standard deviation of $12,240.

a. State the null hypothesis and the alternate hypothesis.

b. State the decision rule for 0.01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)

c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

d. Does this information disagree with the United Nations report? Apply the 0.01 significance level.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Econometrics With Economic Applications

Authors: Dennis Halcoussis

1st Edition

0030348064, 9780030348068

More Books

Students also viewed these Economics questions

Question

2.1 Discuss what ethics means and the sources of ethical guidance.

Answered: 1 week ago

Question

8 What personal development is elearning good at providing?

Answered: 1 week ago

Question

7 What are the principles of action learning?

Answered: 1 week ago