Question: Refer to Exercise 13.79, which asked whether there is enough evidence to conclude that heads of households with college degrees (EDCL: 3 = some college,

Refer to Exercise 13.79, which asked whether there is enough evidence to conclude that heads of households with college degrees (EDCL: 3 = some college, 4 = college degree) have more assets than those who have some college (ASSET).

a. The appropriate technique in Chapter 13 was the t-test of the difference between two means. What is the required condition for this test?

b. Is the required condition satisfied? If not, what technique should be used?

c. Use the technique you chose in part (b) to answer the question about debt.

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