A family plans to take a trip in 2 years that will cost about 6,000 how much money should the family save each month to pay for
1 answer:
You might be interested in
Answer: See explanation
Step-by-step explanation:
1. Use the five steps of hypothesis testing.
Step 1: The aim of the research is to conduct the five steps of hypothesis testing.
Step 2:
Null hypothesis: H0 u= 4
Population mean: H1 u = 4
Alternate hypothesis: u ≠ 4
Population mean: u ≠ 4
Step 3 and step 4 are attached.
Step 5: Based on the calculation, the calculated value of t is less than the t critical value, therefore, the null hypothesis will be failed to be rejected.
2. Sketch the distributions involved
This has been attached.
3. Explain the logic of what you did to a person who is familiar with hypothesis testing, but knows nothing about t tests of any kind.
The distribution is "t".
The means is tested by using T-test.
Chi-square is used to test the single variance.
