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. |
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Reject the null hypothesis, the test statistic is more than 1.725. |
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Accept the null hypothesis, the test statistic is less than 2.086. |
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Reject the null hypothesis, the test statistic is more than 2.086. |
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