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on 3 of 3 Section 3 . The Imperial College of Engineering reported that average monthly income of students parents in the year 2019
on 3 of 3 Section 3 . " The Imperial College of Engineering reported that average monthly income of students parents in the year 2019 was Rs. 110,000. A sample of 81 students' records, which was taken in 2020, showed an average monthly income of these students' parent is Rs. 120,000 Assume the standard deviation of the population of monthly income of the students' parent in 2016 is Rs. 36,000. a. We want to test to determine if there has been a significant increase in the average monthly income of the students' parent. Provide the null and the alternative hypotheses.(4 marks) b. Compute the test statistic. (3 marks) c. Determine the p-value; and at 95% confidence, test the hypotheses. (3 maLys) For referring Z table kindly click on the Link below: https://docs.google.com/document/d/1KtEjpfi7 A32x6gA1p-cHOSTpVEgz4Owl-VgR- Q15Co/edit?usp=sharing
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