Question

Many politicians believe that the Occupy Wall Street protesters are not representative of the average American....

Many politicians believe that the Occupy Wall Street protesters are not representative of the average American. You read that the average annual income of American adults is $40,000. You decide to test his claim by taking a random sample of 40 Occupy protesters. You find an average income of $39,000 and a standard deviation of $2,500 in your sample. Is there sufficient evidence at the alpha=.01 level to conclude that on average income of Occupy Wall Street protesters is significantly different than $40,000?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose Wall Street securities firms claim that they paid out year-end bonuses of an average of...
Suppose Wall Street securities firms claim that they paid out year-end bonuses of an average of $95,000 per employee last year. We take a sample of employees at the ASBE securities firm to see whether the average year-end bonus is less than the reported mean of $95,000 for the population.You wish to test the following claims at a significance level of α = 0 .05.H0: μ = $95,000Ha: μ < $95,000You believe the population is normally distributed and you know...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 53 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 60 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 52 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 68 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 64 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 73 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 69 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 59 stocks...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer...
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 67 stocks...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT