From your analysis of Desertia, you conclude that citizens there average $1,000 per month in household...

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From your analysis of Desertia, you conclude that citizens thereaverage $1,000 per month in household disposable income. TheMinister of Development for Mountania says that disposable incomeis the same in his country. To see if the data supports this, yourcompany has sampled 100 households from Mountania and obtained dataon household disposable income. Use the Data provided to:

a. ​Derive a frequency distribution of income. Divide by 8
b.​Create a histogram of income
c.​Obtain and fully interpret/explain the sample mean and standarddeviation
d.​Test the hypothesis, at the 5% significance level, thatMountania also has a mean of $1,000

Disposable Income
602
822.65
842.79
840.95
820.94
958.15
910.1
957.48
995.66
867.17
802.62
1008.77
745.97
905.88
940.84
754.77
960.76
897.26
835.38
925.79
948.25
872.22
719.48
883.08
1028.29
738.2
996.32
919.36
819.94
1004.23
861.31
1067.62
847.87
1041.8
791.61
906.73
1033.35
935.21
983.94
1004.91
993.6
970.68
794.23
948.29
949.45
804.84
936.08
986.73
784.51
922.03
1014.22
963.19
829.64
806.42
860.37
891.54
731.69
888.42
868.95
1025.6
976.48
878.54
871.55
772.61
953.84
830.44
859.37
781.73
880.33
915.49
939.17
867.59
804.17
924.46
847.51
882.95
818.04
807.13
892.76
824.78
977.04
1079.09
895.89
872.66
953.17
994.84
842.77
1033.59
766.47
976.48
846.98
942.39
840.77
856.07
1041.24
782.38
884.3
970.45

878.92

961.69

Answer & Explanation Solved by verified expert
4.2 Ratings (736 Votes)
Part a A required frequency distribution with eight classes is given as below Class Frequency 602 to 66164 1 66164 to72128 1 72128 to78092 6 78092 to 84056 18 84056 to 9002 28 90020 to95984 20 95984 to 101948 18 101948 to 107912 8 Total 100 Range for given data is given as 47709 so divide this value by 8    See Answer
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