It is believed that the median yearly income in a suburb of ...

[scienceeasy]

It is believed that the median yearly income in a suburb of Atlanta is 70,000 . A sample of 67 residents was taken. Thirty-eight had yearly incomes above 70,000, 26 had yearly incomes below 70,000, and 3 had yearly incomes equal to 70,000 . The null hypothesis to be tested is H0: Median = 70,000 . The null hypothesis should _____.
 a. be rejected
  b. not be rejected
  c. be revised
  d. None of the answers is correct.

Question 2

The minimum expected opportunity loss provides the best decision, regardless of whether the decision analysis involves minimization or maximization.
  Indicate whether the statement is true or false

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Answer to Question 1

b

Answer to Question 2

T

[scienceeasy]

Excellent

[FergA]

TYSM