It Is Believed That the Median Yearly Income in a Suburb

question 4

Multiple Choice

It is believed that the median yearly income in a suburb of Atlanta is $70,000. A sample of 67 residents was taken. Thirty-eight had yearly incomes above $70,000, 26 had yearly incomes below $70,000, and 3 had yearly incomes equal to $70,000. The null hypothesis to be tested is H₀: Median = $70,000. The test statistic has a value of

• A) 1.63.
• B) 1.38.
• C) 2.00.
• D) 2.50.

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Definitions:

Worldly Concerns

Interests or worries about the material aspects of life, as opposed to spiritual matters.

Sacred Texts

Writings considered by believers to be divinely inspired or spiritually significant within a religious tradition.

Fundamentalist

An approach or attitude characterized by a strict adherence to literal interpretations of religious texts or fundamental principles, often leading to intense devotion.

Literal Interpretation

Understanding words or texts in their most basic sense, without inferring any hidden meanings or metaphorical significance.