It Is Believed That the Median Yearly Income in a Suburb

question 2

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 p-value for this test is

• A) .4332.
• B) .8664.
• C) .0838.
• D) .1676.