A recent study focused on the amount of money single men and women save monthly. The information is summarized here. Assume that the population standard deviations are equal. At the 0.01 significance level,what is the conclusion about the way women and men save?
A)Reject the null hypothesis and conclude that women save more than men.
B)Reject the null hypothesis and conclude that women and men save the same amount.
C)Fail to reject the null hypothesis.
D)Fail to reject the null hypothesis and conclude the means are different.

Question

A recent study focused on the amount of money single men and women save monthly. The information is summarized here. Assume that the population standard deviations are equal.  At the 0.01 significance level,what is the conclusion about the way women and men save?
A)Reject the null hypothesis and conclude that women save more than men. 
B)Reject the null hypothesis and conclude that women and men save the same amount. 
C)Fail to reject the null hypothesis. 
D)Fail to reject the null hypothesis and conclude the means are different.

Quizplus · Accepted Answer

The Answer of A recent study focused on the amount of money single men and women save monthly. The information is summarized here. Assume that the population standard deviations are equal.  At the 0.01 significance level,what is the conclusion about the way women and men save?
A)Reject the null hypothesis and conclude that women save more than men. 
B)Reject the null hypothesis and conclude that women and men save the same amount. 
C)Fail to reject the null hypothesis. 
D)Fail to reject the null hypothesis and conclude the means are different.

A Recent Study Focused on the Amount of Money Single