Question: The median annual income for families living in the United
The median annual income for families living in the United States is $56,200 (The New York Times Almanac, 2008). Annual incomes in thousands of dollars for a sample of 50 families living in Chicago, Illinois, are shown. Use the sample data to see if it can be concluded that the families living in Chicago have a median annual income greater than $56,200. Use α = .05. What is your conclusion?
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