The Table Below Shows the Annual Expenditures, in a Recent

question 53

Multiple Choice

The table below shows the annual expenditures, in a recent year, of the average household in the United States. Average Annual Household Expenses
Housing
$11,713
Food
$4810
Insurance
$3381
Health care
$1903
Entertainment
$1746
Other
$5366
Source: Bureau of Labor Statistics
Consumer Expenditure Survey
What is the average monthly expense for housing? Round your answer to the nearest dollar.

• A) $976
• B) $977
• C) $978
• D) $984
• E) $985

---

Definitions:

Null

Usually referring to the null hypothesis, it's a statement suggesting no significant effect or difference in a clinical or experimental study.

Alpha

In hypothesis testing, the probability of making a Type I error; the significance level set before conducting a test.

Alternative

Refers to the alternative hypothesis in statistical testing, which contrasts the null hypothesis by suggesting there is a significant effect or difference.

T-statistic

A ratio used in hypothesis testing that compares the difference between an observed sample mean and a hypothetical population mean to the standard error of the mean.