Answer: t=5.59
Explanation:
We assume that the money in wallets of women and men are normally distributed.
Given : Sample size of females :
Sample mean :
Standard deviation :
Sample size of males :
Sample mean :
Standard deviation :
Since sample size is small (<30), so we use t-test.
The test static for difference of two population mean is given by :-
Hence, the test statistic for the researcher’s hypothesis is : t=5.59