Assume That a Simple Random Sample Has Been Selected from a Normally

question 59

Essay

Assume that a simple random sample has been selected from a normally distributed population. Find the test statistic, P-value, critical value(s), and state the final conclusion.
-Test the claim that for the adult population of one town, the mean annual salary is given by $\mu = \$ 30,000$ . Sample data are summarized as $\mathrm { n } = 17 , \overline { \mathrm { x } } = \$ 22,298$ , and $\mathrm { s } = \$ 14,200$ . Use a significance level of $\alpha = 0.05$ .

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Expensive

Having a high price or cost, often relative to the perceived value or quality of the item.

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Prestige

The respect and admiration that something or someone receives based on a perception of success or quality.