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The Ministry of Health report indicated that in 2006 Jamaicans paid an average of US$3,302 per year on health care and prescription drugs. An investigator
The Ministry of Health report indicated that in 2006 Jamaicans paid an average of US$3,302 per year on health care and prescription drugs. An investigator hypothesizes that in 2009 expenditures have decreased primarily due to the availability of generic drugs. To test the hypothesis, a sample of 100 Jamaicans are selected and their expenditures on health care and prescriptions drugs in 2009 are measured. The sample data are summarized as follows: n =100, x = US$3190, s = $890 Is the sample mean of US$3190 evidence of a true reduction in the mean at 5% level of significance? (10 marks)
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