2019-02-01T10:57:17+00:00 essay assignments

# The US Department of Agriculture reports that the mean cost of raising a child from birth to age 2 in a rural area is \$8,390.

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# Hypothesis Testing: Mean cost of raising a child

The US Department of Agriculture reports that the mean cost of raising a child from birth to age 2 in a rural area is \$8,390. You believe that this value is incorrect, so you select a random sample of 900 children (age 2) and find that the mean cost is \$8,275 with a standard deviation of \$1,540. At α = 0.05, is there enough evidence to conclude that the mean cost is different from \$8,390?

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