For the following questions:
-In the population, we'd expect Weekly Expenses to have a mean of 525, but you want to know if your sample comes from a different population with a lower mean.
1)State the research question.
2)State the hypotheses.
3)State the critical value.
4)Provide the formal test of the hypothesis.
5)State the confidence interval.
6)Is an effect size calculation appropriate? How do you know? If yes, calculate both a standardized and unstandardized effect size.
7)State all appropriate conclusions.
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