Question: In an effort to deal with the most recent budget
In an effort to deal with the most recent budget crisis, the federal government has considered limiting the amount of mortgage interest taxpayers can deduct. Suppose the IRS would like to determine if the median mortgage interest deduction per taxpayer exceeded $ 10,000 for 2013. The following table summarizes the deduction data from a random sample of taxpayers for the 2013 tax year.
Using α = 0.10, perform a hypothesis test to determine if the median mortgage interest deduction per taxpayer exceeded $ 10,000 in 2013.
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