The amount of income taxes that people owe each year varies greatly from person to person because income levels vary greatly. In a SRS of 30 people, the standard deviation of the yearly income taxes was about $37,209. The IRS claims that the standard deviation of yearly income taxes is only $25,989. Test the claim given by the IRS using a level of significance of 10%. State the type of test used, the p - value with interpretation, and the conclusion.
The amount of income taxes that people owe each year varies greatly from person to person because income levels vary greatly. In a SRS of 30 people, the standard deviation of the yearly income taxes was about $37,209. The IRS claims that the standard deviation of yearly income taxes is only $25,989. Test the claim given by the IRS using a level of significance of 10%. State the type of test used, the p - value with interpretation, and the conclusion.
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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The amount of income taxes that people owe each year varies greatly from person to person because income levels vary greatly. In a SRS of 30 people, the standard deviation of the yearly income taxes was about $37,209. The IRS claims that the standard deviation of yearly income taxes is only $25,989.
Test the claim given by the IRS using a level of significance of 10%. State the type of test used, the p - value with interpretation, and the conclusion.
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