In: Statistics and Probability
Suppose we are dealing with the null hypothesis that the average food expenditure of all families in Atlanta is 20 dollars a day. To test the hypothesis we collect a sample of n = 100. We get the sample mean of 22 and the sample variance of 25. Write down the value of t-statistics and corresponding p-value. Will you reject the null? Explain. Only yes or no answer will not be accepted.