A recent study focused on the amount of money single men and women save monthly. The information is summarized next. Assume that the population standard deviations are equal. At the .01 significance level, what is the conclusion about the way women and men save?
A) Reject the null hypothesis and conclude that women save more than men.
B) Reject the null hypothesis and conclude that women and men save the same amount.
C) Fail to reject the null hypothesis.
D) Fail to reject the null hypothesis and conclude the means are different.

Question

A recent study focused on the amount of money single men and women save monthly. The information is summarized next. Assume that the population standard deviations are equal.  At the .01 significance level, what is the conclusion about the way women and men save?
A) Reject the null hypothesis and conclude that women save more than men. 
B) Reject the null hypothesis and conclude that women and men save the same amount. 
C) Fail to reject the null hypothesis. 
D) Fail to reject the null hypothesis and conclude the means are different.

Quizplus · Accepted Answer

We cannot determine if the means are different because the question does not provide us with the sample means or variances. Therefore, we fail to reject the null hypothesis that the means are equal.

A Recent Study Focused on the Amount of Money Single