Assume that the average annual income of people in US is said to
be $25450. We want to check whether average income of people in
Chicago represents the national average. A sample of 250 people in
Chicago was taken and it was found that their average income was
$26500 with SD $2800. At 5% Level of significance, can you conclude
that the average income of people in Chicago is representative of
US average?
Assume that the average annual income of people in US is said to be $25450. We want to check whether average income of p
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