A United Nations report shows the mean family income for Mexican migrants to the United States is $28,120 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 27 Mexican family units reveals a mean to be $39,750 with a sample standard deviation of $12,765. Does this information disagree with the United Nations report? Apply the 0.01 significance level.
1. State the decision rule for 0.01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.). reject H0 if it is not between -------- and ---
2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
