To Determine Whether or Not the Median Total Expenditure by Households

question 46

Essay

To determine whether or not the median total expenditure by households was the same for three states,an economist took three samples of five counties from the states of New Mexico,Colorado,and Utah.The data were: $$\begin{array} { | c | c | c | } \hline \text { New Me xico } & \text { Colorado } & \text { Utah } \\\hline 15207 & 16493 & 15276 \\13781 & 17599 & 12385 \\13884 & 13792 & 16237 \\13622 & 15151 & 12645 \\12657 & 13770 & 13627 \\\hline\end{array}$$ Test the hypotheses: H₀: m₁ = m₂ = m₃
H₁: Not all medians are the same.Use $\alpha$ = 0.025.
Test statistic = ____________________
Critical Value = ____________________
If necessary,separate your answers with commas,for example x,y,z,etc.
Conclusion: _____________________________________
Interpretation: _____________________________________________________

Recognize the impact of external changes (such as technology and income changes) on market equilibrium.

Comprehend the relationship between willingness to pay, costs, and surplus.

Understand the concept of substitutes and complements in consumption and their impact on surplus.

Understand the concept of efficiency and its significance in economics.

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Definitions:

Poor Drainage

A condition where water fails to drain effectively, leading to waterlogging and related problems in urban and agricultural areas.

Leadership Styles

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Appropriate Scenarios

Situations or contexts deemed suitable or fitting for a particular purpose, action, or event.

Formative Experiences

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