4) In testing the claim about the mean annual income of full-time college students is below $15,000, a random sample of 40 students were selected. The sample mean is $14,450 and sample standard deviation is $2025. Based on an appropriate hypothesis test, what is the correct conclusion at 0.01 significance level? O a. Sample provides sufficient evidence to support the claim that the mean income is below $15,000. b. Sample does not provides

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Need explantion please photo is attached
4:39
* Question Completion Status:
4) In testing the claim about the mean
annual income of full-time college students
is below $15,000, a random sample of 40
students were selected. The sample mean is
$14,450 and sample standard deviation is
$2025. Based on an appropriate hypothesis
test, what is the correct conclusion at 0.01
significance level?
4570%
a. Sample provides sufficient
evidence to support the claim
that the mean income is below
$15,000.
b. Sample does not provides
sufficient evidence to support the
claim that the mean income is
below $15,000.
C. Sample provides sufficient
evidence to conclude that that
the mean income is at least
$15,000.
O d. Cannot make a conclusion based on
given information
Click Save and Submit to save and submit. Click Save All Answers to save
all answers.
|||
Save All Answers
Save and Submit
Transcribed Image Text:4:39 * Question Completion Status: 4) In testing the claim about the mean annual income of full-time college students is below $15,000, a random sample of 40 students were selected. The sample mean is $14,450 and sample standard deviation is $2025. Based on an appropriate hypothesis test, what is the correct conclusion at 0.01 significance level? 4570% a. Sample provides sufficient evidence to support the claim that the mean income is below $15,000. b. Sample does not provides sufficient evidence to support the claim that the mean income is below $15,000. C. Sample provides sufficient evidence to conclude that that the mean income is at least $15,000. O d. Cannot make a conclusion based on given information Click Save and Submit to save and submit. Click Save All Answers to save all answers. ||| Save All Answers Save and Submit
Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman