The middle class in the 2010 Survey of Consumer Finances had a net worth of between $61,215
Question:
The middle class in the 2010 Survey of Consumer Finances had a net worth of between $61,215 and $270,603. In 2010, the average amount spent on food away from home was $2505 (Source: Bureau of Labor Statistics). Is there enough evidence to infer that the average middle-class household spent less than that amount in 2010 (FOODAWAY)?
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t test of H 0 2505 H 1 2505 t 814 pval...View the full answer
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Muhammad Salman Alvi
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