The Median Household Income of a Community Is Reported to Be

Essay

The median household income of a community is reported to be $62,000. A random sample of six households in the community yielded the following incomes. $$\begin{array} { l l l l l l } \$ 42,000 & \$ 57,000 & \$ 65,000 & \$ 69,000 & \$ 75,000 & \$ 150,000\end{array}$$ Does the sample provide sufficient evidence to refute the reported median household income? Perform a sign test using α = .10.