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
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
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