Question: Here is the question I'm supposed to answer: The mean income per person in the United States is $50,000, and the distribution of incomes follows
Here is the question I'm supposed to answer: The mean income per person in the United States is $50,000, and the distribution of incomes follows a normal distribution. A random sample of 10 residents of Wilm-ington, Delaware, had a mean of $60,000 with a standard deviation of $10,000. At the .05 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average?
.05 significance level
t = (60,000 - 50,000) / (10,000 / square root of 10) = 10,000 / 3164.56 = 3.16
I looked up the t comparison and it's 1.812
I don't understand how to use the t number that I looked up in this example. Can you help explain the concept?
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