Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Hypothesis Testing
Statistics
Income Distribution
Formulas
Sample mean: \(\bar{x} = \frac{\sum x}{n}\)
Standard deviation: \(s = \sqrt{\frac{\sum (x - \bar{x})^2}{n - 1}}\)
t-statistic: \(t = \frac{\bar{x} - \mu}{s / \sqrt{n}}\)
Theorems
One-tailed t-test
p-value comparison with significance level
Suitable Grade Level
Undergraduate Statistics
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