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Is there evidence that the mean annual salary of a Tesla owner is more than $225700?Data was collected from 36 Tesla owners across the US.
Is there evidence that the mean annual salary of a Tesla owner is more than $225700?Data was collected from 36 Tesla owners across the US. The mean annual salary of those 36 Tesla owners was $226000with a standard deviation of $980.Answer this question,at the1%significance level,by performing the following steps of a hypothesis test.
How would I form a null and alternative hypothesis?
How would I write the probability statement for this problem?
Would this test use the t statistic?
What would be the test statistic (how would I calculate it)?
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