Question
Here is the question I'm supposed to answer: The mean income per person in the United States is $50,000, and the distribution of incomes follows
Here is the question I'm supposed to answer: The mean income per person in the United States is $50,000, and the distribution of incomes follows a normal distribution. A random sample of 10 residents of Wilm-ington, Delaware, had a mean of $60,000 with a standard deviation of $10,000. At the .05 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average?
.05 significance level
t = (60,000 - 50,000) / (10,000 / square root of 10) = 10,000 / 3164.56 = 3.16
I looked up the t comparison and it's 1.812
I don't understand how to use the t number that I looked up in this example. Can you help explain the concept?
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