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Suppose in the past, that mean annual electricity cost, per household, has been $460 per week. A researcher would like to know if the mean
Suppose in the past, that mean annual electricity cost, per household, has been $460 per week. A researcher would like to know if the mean annual electricity cost per household, has increased. The researcher takes a random sample of 36 households and finds a sample mean of $510 with a sample standard deviation of $80. Assume the conditions are satisfied, and do NOT check here. i) Write the hypotheses. ii) Calculate the test statistic. SHOW BASIC WORKINGS. iii) Give the critical value, testing at the 1% significance level. iv) Give your decision. v) Give your conclusion. Answer text Question 4 Rich text editor
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