Question #208370

1. A jeepney driver claims that his average monthly income is Php 3000.00 with a standard deviation

of Php 300.00. A sample of 30 jeepney drivers were surveyed and found that their average monthly 

income is Php 3500.00 with a standard deviation of Php 350.00. Test the hypothesis at 1% level of 

significance


1
Expert's answer
2021-06-27T18:02:44-0400

Solution:

Given, μ=3000,n=30,σ=350,Xˉ=3500\mu=3000,n=30,\sigma=350, \bar X=3500

At 1% significance level and df=29, t=2.462021

H0:μ=3000H1:μ3000H_0:\mu=3000 \\H_1:\mu\ne3000

Now, Xˉμσ/n=35003000350/30=7.824>2.462021\dfrac{\bar X-\mu}{\sigma/\sqrt n}=\dfrac{3500-3000}{350/\sqrt {30}}=7.824>2.462021

H0H_0 is rejected.

Thus, μ3000\mu\ne3000


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!
LATEST TUTORIALS
APPROVED BY CLIENTS