A recent study focused on the amount of money single men and women save monthly. The information is summarized below. Assume that the population standard deviations are equal. At the .01 significance level, do women save more money than men? What is the test statistic for this hypothesis?
A) z-statistic
B) t-statistic
C) p-statistic
D) df-statistic

Question

A recent study focused on the amount of money single men and women save monthly. The information is summarized below. Assume that the population standard deviations are equal.  At the .01 significance level, do women save more money than men? What is the test statistic for this hypothesis?
A) z-statistic 
B) t-statistic 
C) p-statistic 
D) df-statistic

Quizplus · Accepted Answer

Since the population standard deviations are assumed to be equal, we can use a two-sample t-test to compare the means of the two groups. The test statistic for this hypothesis is a t-statistic. Therefore, option B is the correct choice.

A Recent Study Focused on the Amount of Money Single