Significance level in favor of the two-sided alternative

Reference no: EM1386716

A government report gives a 90% confidence interval for the 2007 median annual household income as $50,233 ± $230. This result was calculated by advanced methods from the Current Population Survey, a multistage random sample of about 50,000 households.

Q: Would the null hypothesis that the 2007 median household income was $50,000 be rejected at the 10% significance level in favor of the two-sided alternative? (Choose the correct answer)

A. There is a need for more data in order to establish an answer.

B. Yes

C. No

Reference no: EM1386716

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