A Gaming Control Board Claims That the Average Household Income

question 7

Essay

A gaming control board claims that the average household income of those people playing blackjack at casinos is at least $50,000.Assume that the distribution of household income of those people playing blackjack is normally distributed with a standard deviation of $7,559.Suppose that for a sample of 45 households,it is found that the average income was $48,326.Is the gaming control board incorrect in asserting that the average household income of blackjack players is at least $50,000? Use the 10 per cent significance level.

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Definitions:

Psychological Distress

A state of emotional suffering characterized by symptoms of depression and anxiety.

Cultural Beliefs

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, and can impact daily living, relationships, and physical health.

Worldview

A comprehensive perspective through which an individual interprets the world and interacts with it.