According to the cencus, the median households income inAtlanta (1.5 million hou

Question

According to the cencus, the median households income inAtlanta (1.5 million households) was $52,000 in 1999. In June 2003,a market research organization takes a simple random sample of 750households in Atlanta; 56% of the sample households had incomesover 52,000. Did the median household income in Atlanta increaseover the period 1999 to 2003? a) Formulate null and alternate hypothesis in terms of a boxmodel? b) Calculate the appropiate test statistic, and P. c) Did the median family income go up? According to the cencus, the median households income inAtlanta (1.5 million households) was $52,000 in 1999. In June 2003,a market research organization takes a simple random sample of 750households in Atlanta; 56% of the sample households had incomesover 52,000. Did the median household income in Atlanta increaseover the period 1999 to 2003? a) Formulate null and alternate hypothesis in terms of a boxmodel? b) Calculate the appropiate test statistic, and P. c) Did the median family income go up?

Explanation / Answer

Null Hypothesis: the median household income in Atlanta doesnot increase over the period 1999 to 2003 Alternative hypothesis: the median household income in Atlantaincrease over the period 1999 to 2003 We have to do the sample sign test for this But you didn't mentioned the values regardin thehouseholds So please provide inforamtion completely otherwise we cannothelp youn

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