The National Center for Health Statistics (NICH) published a report entitled Health, Pakistan, containing extensive information on major trends in the health of Pakistanis. Data are provided for the Pak population as a whole and for specific ages, sexes and races. The NICH report indicated that in 2012 Pakistanis paid an average of Rs.3,302 per month on health care and prescription drugs. An investigator hypothesizes that in 2015 expenditures have increases primarily due to the availability of generic drugs. To test the hypothesis, samples of 100 Pakistanis are selected and their expenditures on health care and prescription drugs in 2015 are measured. The sample data are summarized as follows: n=100, R =Rs3,390 and s=Rs890. Is there statistical evidence of increased in expenditures on health care and prescription drugs in 2015? Is the sample mean of Rs.3,390 evidence of a true increase in the mean or is it within chance fluctuation?
The National Center for Health Statistics (NICH) published a report entitled Health, Pakistan, containing extensive information on major trends in the health of Pakistanis. Data are provided for the Pak population as a whole and for specific ages, sexes and races. The NICH report indicated that in 2012 Pakistanis paid an average of Rs.3,302 per month on health care and prescription drugs. An investigator hypothesizes that in 2015 expenditures have increases primarily due to the availability of generic drugs. To test the hypothesis, samples of 100 Pakistanis are selected and their expenditures on health care and prescription drugs in 2015 are measured. The sample data are summarized as follows: n=100, R =Rs3,390 and s=Rs890. Is there statistical evidence of increased in expenditures on health care and prescription drugs in 2015? Is the sample
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