You are interested in carrying out a statistical test of income in a particular neighborhood. Your research (alternative) hypothesis is that overall neighborhood income is less than $30,000. You take a sample of 64 people, and find that the average income for your sample is only $27,500, while the standard deviation is $10,000. Your test will be at the 0.01 significance level. What is/are the critical values for this test? Group of answer choices -1.96 -2.33 and 2.33 -2.33 2.33
You are interested in carrying out a statistical test of income in a particular neighborhood. Your research (alternative) hypothesis is that overall neighborhood income is less than $30,000. You take a sample of 64 people, and find that the average income for your sample is only $27,500, while the standard deviation is $10,000. Your test will be at the 0.01 significance level. What is/are the critical values for this test? Group of answer choices -1.96 -2.33 and 2.33 -2.33 2.33
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Question
You are interested in carrying out a statistical test of income in a particular neighborhood. Your research (alternative) hypothesis is that overall neighborhood income is less than $30,000. You take a sample of 64 people, and find that the average income for your sample is only $27,500, while the standard deviation is $10,000. Your test will be at the 0.01 significance level. What is/are the critical values for this test?
Group of answer choices
-1.96
-2.33 and 2.33
-2.33
2.33
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