Question

Jenny would like to know whether she has budgeted enough money per month for groceries while she is in college. She takes a representative random sample of 50 college students and asks them how much they spend a month on groceries per month. Jenny has budgeted $200. Which test can she use to test whether she has budgeted enough for groceries per month?

Answer 1

Answer:

SIGNIFICANCE TEST

Explanation:

Significance tests give us a formal process for using sample data to evaluate the likelihood of some claim about a population value . The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance