6. To promote domestic consumption, Country A's government wants to determine the impact on household annual expenditures on consumption items if small stimulus checks were sent monthly over a one year period. To determine if these small stimulus checks would increase household expenditures on consumption items, it chose five households at random, determined their annual expenditure on consumption items for the year before and sent the stimulus checks for a year. The table below shows total amount of annual expenditure on consumption items by the households before and after receipt of the checks. Based on these observations, determine whether there would be a statistically significant difference in the mean annual expenditure on consumption items for the entire population of the Country A if this policy were adopted for the entire country. Use a level of significant of a =.01. Recipient 1 2345 Before Receipt ($, in thousands) 63 38 70 65 62 After Receipt ($, in thousands) 65 42 68 69 63

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 31PPS
icon
Related questions
Question
6. To promote domestic consumption, Country A's government wants to determine the impact
on household annual expenditures on consumption items if small stimulus checks were sent monthly
over a one year period. To determine if these small stimulus checks would increase household
expenditures on consumption items, it chose five households at random, determined their annual
expenditure on consumption items for the year before and sent the stimulus checks for a year. The
table below shows total amount of annual expenditure on consumption items by the households
before and after receipt of the checks. Based on these observations, determine whether there would
be a statistically significant difference in the mean annual expenditure on consumption items for the
entire population of the Country A if this policy were adopted for the entire country. Use a level of
significant of a = .01.
Recipient
1
2
3
4
5
Before
Receipt
($, in
thousands)
63
38
70
65
62
After Receipt
($, in
thousands)
65
42
68
69
63
Transcribed Image Text:6. To promote domestic consumption, Country A's government wants to determine the impact on household annual expenditures on consumption items if small stimulus checks were sent monthly over a one year period. To determine if these small stimulus checks would increase household expenditures on consumption items, it chose five households at random, determined their annual expenditure on consumption items for the year before and sent the stimulus checks for a year. The table below shows total amount of annual expenditure on consumption items by the households before and after receipt of the checks. Based on these observations, determine whether there would be a statistically significant difference in the mean annual expenditure on consumption items for the entire population of the Country A if this policy were adopted for the entire country. Use a level of significant of a = .01. Recipient 1 2 3 4 5 Before Receipt ($, in thousands) 63 38 70 65 62 After Receipt ($, in thousands) 65 42 68 69 63
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 5 images

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
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning