Answer to Question #340414 in Statistics and Probability for dfs

Question

3. According to the report of National Economic Development Authority (NEDA) last year, a Filipino household spends an average of 1333 a day. You took a random sample of 20 households and determined the amount of their allotted budget each day revealing a mean of P420 and standard deviation of P120. Using 0.01 level of significance, can it be concluded that the average amount spent per day by a Filipino household has increased? Assume normality over the population.

Answer 1

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