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 |
