As you know, with the provided information, we are not able to run a one-sided test regarding Income μ.
Why ?

Question

As you know, with the provided information, we are not able to run a one-sided test regarding Income μ. Why ?

Accepted Answer

Income is not Normally distributed! As the sample size is too "small", the Central Limit Theorem is not applicable, therefore we do not know if the sample mean is Normally distributed to be able to test μ

Answer

σ estimate is greater that μ estimate

Answer

the sample mean is Uniformly distributed

Answer

with this sample size only a two sided test would be acceptable

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As you know, with the provided information, we are not able to run a one-sided t...

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