[Get Solution] SocioEconomic Variable
2. Hypothesis Testing: Using the second expenditure variable (with socioeconomic variable as the grouping variable for making two groups), select and run the appropriate method for making decisions about two parameters relative to observed statistics (i.e., two sample hypothesis testing method) and complete the following table (Note: Format follows Kozak outline):Table 3: Two Sample Hypothesis Test AnalysisResearch Question:Two Sample Hypothesis Test that Will Be Used and Rationale for Using It:State the Random Variable and Parameters in Words:State Null and Alternative Hypotheses and Level of Significance:Method Used to Analyze Data:Find the sample statistic, test statistic, and p-value:
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