Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

No cursive and simple answer 24. (10 points) In one area, monthly incomes of college graduates have a standard deviation of $900. It is believed

No cursive and simple answer

image text in transcribed
24. (10 points) In one area, monthly incomes of college graduates have a standard deviation of $900. It is believed that the standard deviation of monthly incomes of non-college graduates is higher. A sample of 19 non-college graduates are randomly selected and found to have a standard deviation of $950. Does the evidence suggest that the monthly incomes of non-college graduates have a higher standard deviation? Use a = 0.05. Use the rejection region method. a) State your null and alternative hypotheses. b) Determine your test statistic. c) Show your rejection region or the inequality you use to make your decision. d) State your decision (reject HO or fail to reject HO) e) Interpret your decision in terms of the original

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_2

Step: 3

blur-text-image_3

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

Algebra And Trigonometry, Enhanced

Authors: Cynthia Y Young

4th Edition

1119320860, 9781119320869

More Books

Students also viewed these Mathematics questions