00:01
Hello, so i'm going to answer your question about the application of a t distribution in a low -income sample.
00:07
For doing so, i just focus on the last step.
00:10
So you're going to use a t -distribution.
00:12
Why? because your sample size is smaller than 30, in your case it's 16.
00:16
So this is the formula that you need to use.
00:18
X would be the mean of 2014, mu the mean of 2011, and the standard deviation that you are trying to understand.
00:26
So in this case, the one of 2014.
00:28
I replace the values here, find the difference, and find the critical goal.
00:31
So this will be the value that you need to estimate.
00:35
For using technology, i use excel that i think it's the most friendly one.
00:39
So basically you need to use the command t -distribution where you put the value, then the degrees of freedom, and finally if it's one tail or two -tail...