Question

Complete on separate sheet of paper or excel and submit file upload

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The mean cost of raising a child from birth to 2 years by husband-wife families is $13,120 as calculated by the Federal Government statistical data department. This has caused couples to demand a tax break from the state. To verify the authenticity, the state randomly samples 500 children (age 2) and had a mean cost of $12,925 with a population standard deviation of $1745. At alpha = 0.05, is there enough evidence to reject the claim?

State Ho and Ha-

Which is the claim

What kind of test is it?

What is the p-value?

Interpret the results in the context of the problem

Answer 1

Ho: The mean cost of raising a child from birth to 2 years is $13120

Ha: The