In a recent survey, the average amount of moneystudents have in their pockets is $5.40 with a standarddeviation of $1.20. A teacher feels that the averageamount is actually higher. She surveys 80 randomlyselected students and finds the average amount is$5.50. At α = 0.05, test the teacher’s claim that theaverage amount of money is actually higher than $5.40.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 9PPS
icon
Related questions
Question

In a recent survey, the average amount of moneystudents have in their pockets is $5.40 with a standarddeviation of $1.20. A teacher feels that the averageamount is actually higher. She surveys 80 randomlyselected students and finds the average amount is$5.50. At α = 0.05, test the teacher’s claim that theaverage amount of money is actually higher than $5.40.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill