The charitable foundation for a large metropolitan hospital is conducting a study to characterize its donor base. In the past, m
ost donations have come from relatively wealthy individuals; the average annual donor income in the most recent survey was right at $100,000. The foundation believes the average has now increased. A random sample of 200 current donors showed a mean annual income of $103,157 and a standard deviation of $27,498. To perform this study, we should form a null hypothesis stating that the average is
Your thoughts are correct; Ned loses 14 points overall.
The reason the correctly answered questions do not factor into the answer is because that is not what the question is asking. Correct answers are not even mentioned :)