Homework SourseA United Nations report shows the mean family income for Mex
A United Nations report shows the mean family income for Mexican migrants to the United States is $26,500 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 24 Mexican family units reveals a mean to be $30,150 with a sample standard deviation of $10,560. Does this information disagree with the United Nations report? Apply the 0.01 significance level.
State the decision rule for .01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)
| A United Nations report shows the mean family income for Mexican migrants to the United States is $26,500 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 24 Mexican family units reveals a mean to be $30,150 with a sample standard deviation of $10,560. Does this information disagree with the United Nations report? Apply the 0.01 significance level. |
Solution
H0 : mu=$26,500 against H1 mu not eqal to $26,500
b) if p-value less than 0.01 then we reject H0
c) T=1.69
d) p-value is 0.104 which is greater than 0.01 so we accept H0
