Question: Answer the following using the steps in hypothesis testing: A clothing store believes that the mean income of the store's customers exceeds 30,000 per month.
Answer the following using the steps in hypothesis testing:
A clothing store believes that the mean income of the store's customers exceeds 30,000 per
month. One hundred fifty customers are randomly selected and asked of their annual income.
The sample mean is 30,500 and its standard deviation is 4,200. Is there sufficient evidence
to indicate that the mean household income of the customers of the store exceeds 30,000
per month. Use = 0.05.
Please write legibly if it's written, thank you so much for the help.
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