The U.S. Bureau of Labor Statistics (www.bls.gov) released its Consumer Expenditures report in October 2008. Among its findings is that average annual household spending on food at home was $3,624. Suppose a random sample of 137 households in Detroit was taken to determine whether the average annual expenditure on food at home was less for consumer units in Detroit than in the nation as a whole. The sample results are in the file Detroit Eats. Based on the sample results, can it be concluded at the α = 0.02 level of significance that average consumer-unit spending for food at home in Detroit is less than the national average?
A) Because t = -13.2314 is less than the critical t value of -1.4126, do not reject H0. The annual average consumer unit spending for food at home in Detroit is not less than the 2006 national
Consumer unit average
B) Because t = -13.2314 is less than the critical t value of -1.4126, reject H0. The annual average consumer unit spending for food at home in Detroit is less than the 2006 national
Consumer unit average
C) Because t = -15.7648 is less than the critical t value of -2.0736, do not reject H0. The annual average consumer unit spending for food at home in Detroit is not less than the 2006 national
Consumer unit average.
D) Because t = -15.7648 is less than the critical t value of -2.0736, reject H0. The annual average consumer unit spending for food at home in Detroit is less than the 2006 national
Consumer unit average.
Correct Answer:
Verified
Q128: At a recent meeting, the manager of
Q129: The director of a state agency believes
Q130: The director of a state agency believes
Q131: For the following hypothesis: Q132: For the following hypothesis test: Q134: The Center on Budget and Policy Priorities Q135: A mail-order business prides itself in its Q136: For the following hypothesis test: Q137: A mail-order business prides itself in its Q138: For the following hypothesis test:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents