Exhibit 19-3 It Is Believed That the Median Yearly Income in a in a Suburb

Multiple Choice

Exhibit 19-3
It is believed that the median yearly income in a suburb of Atlanta is $70,000. A sample of 67 residents was taken. Thirty-eight had yearly incomes above $70,000, 26 had yearly incomes below $70,000, and 3 had yearly incomes equal to $70,000. The null hypothesis to be tested is H₀: median = $70,000.
-Refer to Exhibit 19-3. The test statistic has a value of

A) 1.00
B) 1.50
C) 2.00
D) 2.50