Question

The average income of 10 families who reside in a large metropolitan East coast city is...

The average income of 10 families who reside in a large metropolitan East coast city is $62,456. The standard deviation is $9652. The average income of 12 families who reside in a rural area of the Midwest is $60,213, with a standard deviation of $2009. What are the results if you want to determine at α = 0.05 if there is a difference in the income between families who live in the cities and those who live in the rural areas?

Accept the null hypothesis, the test statistic is less than 1.725.

Reject the null hypothesis, the test statistic is more than 1.725.

Accept the null hypothesis, the test statistic is less than 2.086.

Reject the null hypothesis, the test statistic is more than 2.086.

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