d.e.Explain your conclusion to reject or fail to reject the nullhypothesis in terms of p and a.Interpret your conclusion in the context of this problem. 5. Statistical Abstracts (117th edition) reports that the average amount spentannually for food by householders under 25 years of age is $2,690. A randomsample of 16 people under 25 years of age who live in a university neighborhoodwere surveyed. The survey showed that they spent a sample mean amount of$3,220 with sample standard deviation $750. Test the claim that the mean forthis neighborhood is different from the national average. Use a 5% significancelevel. Assume our data is normally distributed.

Given that Sample size n =16 Sample mean=3220 Standard deviation =750

Answered: d. Explain your conclusion to reject or…

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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d. Explain your conclusion to reject or fail to reject the null hypothesis in terms of p and a. 0:40 Ft + an