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1. An economist claims that the mean family income of a certain populated area in Metro Manila is 22450php monthly. Test the claim at a 0.05 level of significance. The economics students take a sample of 150 families

1. An economist claims that the mean family income of a certain populated area in Metro Manila is 22450php monthly. Test the claim at a 0.05 level of significance. The economics students take a sample of 150 families

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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MES', Please note the following activities tomorrow: a. 10:30 AM - 11:30 AM - answer the discussion 3.1 b. 11:30 AM - 12:00 PM - lecture / conference c. 12:00 PM - 1:30 AM - Quiz 2.1
Transcribed Image Text:MES', Please note the following activities tomorrow: a. 10:30 AM - 11:30 AM - answer the discussion 3.1 b. 11:30 AM - 12:00 PM - lecture / conference c. 12:00 PM - 1:30 AM - Quiz 2.1
1. An economist claims that the mean family income of a certain populated area in Metro Manila is 22450php monthly. Test the claim at a 0.05 level of significance. The economics students take a sample of 150 families obtaining a mean of 19769php with a standard deviation of 529php. What is the conclusion?
Transcribed Image Text:1. An economist claims that the mean family income of a certain populated area in Metro Manila is 22450php monthly. Test the claim at a 0.05 level of significance. The economics students take a sample of 150 families obtaining a mean of 19769php with a standard deviation of 529php. What is the conclusion?
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