Conduct a t-test at the .01 level. You are interested in the income of American adults. In your sample, there are 361 adults with a high school degree, with a mean $19,500 and a standard deviation $3,800. Test if the mean income of the high school degree holders is $20,000. Calculate the t-statistic. Answer with one decimal digit.
Conduct a t-test at the .01 level. You are interested in the income of American adults. In your sample, there are 361 adults with a high school degree, with a mean $19,500 and a standard deviation $3,800. Test if the mean income of the high school degree holders is $20,000. Calculate the t-statistic. Answer with one decimal digit.
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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Conduct a t-test at the .01 level. You are interested in the income of American adults. In your sample, there are 361 adults with a high school degree, with a mean $19,500 and a standard deviation $3,800. Test if the mean income of the high school degree holders is $20,000.
Calculate the t-statistic. Answer with one decimal digit.
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