In a recent survey, the average amount of moneystudents have in their pockets is $5.40 with a standarddeviation of $1.20. A teacher feels that the averageamount is actually higher. She surveys 80 randomlyselected students and finds the average amount is$5.50. At α = 0.05, test the teacher’s claim that theaverage amount of money is actually higher than $5.40.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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In a recent survey, the average amount of moneystudents have in their pockets is $5.40 with a standarddeviation of $1.20. A teacher feels that the averageamount is actually higher. She surveys 80 randomlyselected students and finds the average amount is$5.50. At α = 0.05, test the teacher’s claim that theaverage amount of money is actually higher than $5.40.

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