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(Solved): Please help thx You are conducting a study to test a claim that the mean income of regular casino vi ...
Please help thx
You are conducting a study to test a claim that the mean income of regular casino visitors is significantly less than $50,000. A random sample of 102 regular casino visitor had a mean income of $48,043. Do the sample data provide convincing evidence to support the claim? Assume o is known to be $22,000. Conduct a hypothesis test using a 1% level of significance. Give numeric answers to at least 2 decimal places. What are the correct hypotheses? (Select the correct symbols and values.) Ho: Select an answer 2 H: Select an answer ? v Based on the hypotheses, find the following: Test Statistic = Critical-value The correct decision is to Select an answer
The correct decision is to Seled an answer The correct conclusion would be: Seled an answer is significantly less than $50,000 that the mean income of regular casino visitors