Convert 0.16 into a fraction
1 answer:
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SOLUTION:
Case: Hypothesis testing
Step 1: Null and Alternative hypotheses
Step 2: T-test analysis
Step 3: t-test with the significance level
Step 4: Comparing
So tail to reject the null hypothesis. There is enough evidence at a 0.05 level of significance to claim that the mean spent is greater than P127.50.
Final answer:
Yes, there is evidence sufficient to conclude that the mean amount spent is greater than P127.50 per month at a 0.05 level of significance.