Many families celebrate Easter by having a special meal, sending greeting cards, and purchasing gifts for children.
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Question:
Many families celebrate Easter by having a special meal, sending greeting cards, and purchasing gifts for children. For some, the holiday has become very commercialized but has not deterred many from participating in this spring festivity. The average amount spent on all Easter related expenses by Canadian households in 2022 was $466 (Pasia Stats, 2022-EC2). In studying a particular city in Canada, a random sample of 90 households resulted in an average of $476 and a standard deviation of $60
Is the mean amount spent on Easter significantly different from the national average? Set up an appropriate test and compute the p-value (3 decimals). Assume a significance level of 0.01 for your conclusions.
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