3 Household incomes, in thousands of dollars, in a certain country are represented by the random variable \(X\) with mean \(\mu\) and standard deviation \(\sigma\). The incomes of a random sample of 400 households are found and the results are summarised below.
$$n = 400 \quad \Sigma x = 923 \quad \Sigma x ^ { 2 } = 3170$$
- Calculate unbiased estimates of \(\mu\) and \(\sigma ^ { 2 }\).
- A random sample of 50 households in one particular region of the country is taken and the sample mean income, in thousands of dollars, is found to be 2.6 . Using your values from part (i), test at the \(5 \%\) significance level whether household incomes in this region are greater, on average, than in the country as a whole.