QUESTION: At the 1. Calculate the small group\'s mean income and sample standard deviation of income. 2. Test the hypothesis that the small group\'s mean income is equal to the congregation\'s mean. 3. Test the hypothesis that the small group\'s income variance is equal to the congregation\'s income variance. The following is the information given from 3: A different congregation, Wealthy Street Church And Rowing Club, suspects that their members are not randomly drawn from the national population. Its 125 members have an annual average income of $57,000. Test the hypothesis that this group is randomly drawn from the national population. Solution (1) mean=(30,000+40,000+..+120,000)/5=60000 standard deviation= sqrt(((30000-60000)^2+...+(120000-60000)^2)/(5-1)) =35355.34 (2) Ho: mu=57,000 Ha:mu not equal to 57,000 The test statistic is t=(xbar-mu)/(s/vn) =(60000-57000)/(35355.34/sqrt(5)) =0.19 Assume a=0.05, the critical values are t(0.025, df=n-1=4) =-2.78 or 2.78 (from student t table) Since t=0.19 is between -2.78 and 2.78, we do not reject HO. So we can conclude that the small group\'s mean income is equal to the congregation\'s mean (3) Ho: o^2= 6000^2 Ha: o^2 not equal to 6000^2 The test statisitc is chisquare =(n-1)*s^2/o^2 =4*35355.34^2/6000^2 =138.89 Assume a=0.05, the critical values are chisquare with 0.025, df=n-1=4 is 0.48 and chisquare with 0.975, df=4 is 11.14 (from chisquare table) Since 138.89 is larger than 11.14, we reject Ho. So we cannot conclude that the small group\'s income variance is equal to the congregation\'s income variance..