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1. A jeepney driver claims that his average monthly income is Php 3000.00 with a standard deviation of Php 300.00. A sample of 30 jeepney drivers were surveyed and found that their average monthly income is Php 3500.00 with a standard deviation of Php 350.00. Test the hypothesis at 1% level of significance?​

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Answer:

Kindly check explanation

Step-by-step explanation:

The hypothesis :

H0 : μ = 3000

H0 : μ ≠ 3000

The test statistic :

(xbar - μ) ÷ (s/√(n))

xbar = 3500

μ = 3000

σ = 300

n = 30

(3500 - 3000) ÷ (350/√(30))

Test statistic = 7.824

Df = 30 - 1 = 29

Tcritical at 0.01 = 2.462

Test statistic > critical value ; we reject H0 ; and concluded that there is significant evidence that

μ ≠ 3000

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