An economist wants to find out if there is difference in the monthly expenses of families from Makati and Quezon City. He surveyed 10 families in Makati and 12 families on Quezon City. He found that the average monthly expenses in Makati is Php. 28, 450 with a standard deviation of Php. 3,100, while in Quezon City, the average monthly expenses is Php. 27, 950 with standard deviation of Php. 3,020. At 5% level of significance, what can be concluded about the data? What is the computed value of test statistic?
An economist wants to find out if there is difference in the monthly expenses of families from Makati and Quezon City. He surveyed 10 families in Makati and 12 families on Quezon City. He found that the average monthly expenses in Makati is Php. 28, 450 with a standard deviation of Php. 3,100, while in Quezon City, the average monthly expenses is Php. 27, 950 with standard deviation of Php. 3,020. At 5% level of significance, what can be concluded about the data? What is the computed value of test statistic?
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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An economist wants to find out if there is difference in the monthly expenses of families from Makati and Quezon
City. He surveyed 10 families in Makati and 12 families on Quezon City. He found that the average monthly expenses
in Makati is Php. 28, 450 with a standard deviation of Php. 3,100, while in Quezon City, the average monthly
expenses is Php. 27, 950 with standard deviation of Php. 3,020. At 5% level of significance, what can be concluded
about the data?
What is the computed value of test statistic?
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