Direction: Answer the following problems completely. 1. Show the complete steps of hypothesis testing on population mean given the problem related to spending for food. A study reveals that a household spends an average of P600.00 of food per day. A group of students took a random sample of 35 households and determined how much each household spent for food and revealed a mean of P499.00 and a standard deviation of 23.60. Using 0.05 level of significance, can it be concluded that the average amount spent per day for food has decreased? (Critical value: 1.671) After verifying the claim, what are the ways that you could do to lessen the expenses of food in your own household?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Direction: Answer the following problems completely.
1. Show the complete steps of hypothesis testing on population mean given the problem
related to spending for food.
A study reveals that a household spends an average of P600.00 of food per day.
A group of students took a random sample of 35 households and determined how much
each household spent for food and revealed a mean of P499.00 and a standard
deviation of P 23.60. Using 0.05 level of significance, can it be concluded that the
average amount spent per day for food has decreased? (Critical value: 1.671)
After verifying the claim, what are the ways that you could do to lessen the expenses of
food in your own household?
Transcribed Image Text:Direction: Answer the following problems completely. 1. Show the complete steps of hypothesis testing on population mean given the problem related to spending for food. A study reveals that a household spends an average of P600.00 of food per day. A group of students took a random sample of 35 households and determined how much each household spent for food and revealed a mean of P499.00 and a standard deviation of P 23.60. Using 0.05 level of significance, can it be concluded that the average amount spent per day for food has decreased? (Critical value: 1.671) After verifying the claim, what are the ways that you could do to lessen the expenses of food in your own household?
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