Household weekly spending at Coles data collected from 200 families in Sydney had the sample mean $158
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Question:
Household weekly spending at Coles data collected from 200 families in Sydney had the sample mean $158 with a sample standard deviation of $18. Conduct a hypothesis test at a 5% significance level, to test if the average weekly spending at Coles in Sydney different from $155. Use this P-value = 0.019 to address the research statement.
Is the average weekly spending at Coles in Sydney different form $155?
Be sure to include the following in your answer:
- the null and alternative hypothesis
- p-value
- decision
- conclusion
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