Question: a Multiple Choice 18-026 Question Workspace Exhibit 18-3 It is believed that the median yearly income in a suburb of Atlanta is $70,000. A sample
a Multiple Choice 18-026 Question Workspace Exhibit 18-3 It is believed that the median yearly income in a suburb of Atlanta is $70,000. A sample of 67 residents was taken. 38 had yearly incomes above $70,000, 26 had yearly incomes below $70,000, and 3 had yearly incomes equal to $70,000. The null hypothesis to be tested is H0: Median = $70,000. The p-value for this test is _____. a. .8664 b. .4332 c. .1336 d. .0668 Nonparametric methods that can be used to make inferences about a population without requiring an assumption about the distribution of the population are called _____
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
