A large retailer wants to determine whether the mean income of families living within two miles of a proposed building site exceeds $14,400. What can he conclude at the 0.05 level of significance, if the mean income of a random sample of n = 60 families living within two miles of the proposed site is X= $14,524 and the standard deviation is s = $763?
A large retailer wants to determine whether the mean income of families living within two miles of a proposed building site exceeds $14,400. What can he conclude at the 0.05 level of significance, if the mean income of a random sample of n = 60 families living within two miles of the proposed site is X= $14,524 and the standard deviation is s = $763?
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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![A large retailer wants to determine whether the mean income of families living
within two miles of a proposed building site exceeds $14,400. What can he
conclude at the 0.05 level of significance, if the mean income of a random
sample of n = 60 families living within two miles of the proposed site is x=
$14,524 and the standard deviation is s= $763?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff037c98f-cbde-4a50-b4f4-cce4e7371069%2F642c5b6f-8621-4f82-ac3b-0cd296fda378%2Frcckip9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A large retailer wants to determine whether the mean income of families living
within two miles of a proposed building site exceeds $14,400. What can he
conclude at the 0.05 level of significance, if the mean income of a random
sample of n = 60 families living within two miles of the proposed site is x=
$14,524 and the standard deviation is s= $763?
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