48. A goal of financial literacy for children is to learn how to manage money wisely. One question is: How much money do children have?

48. A goal of financial literacy for children is to learn how to manage money wisely. One question is: How much money do children have? A recent study by Schnur Educational Research Associates revealed the following sample information regarding the monthly allowance that children receive. Is it reasonable to conclude that the mean allowance received by children between 11 and 14 years is more than the allowance received by children between 8 and 10 years? Use the .01 significance level. What is the pvalue?

8-10 Years

6 13 10 6 14 6 7 7 10 6 5 7 9 14 12

11-14 Years

19 14 12 8 9 11 9 8 8 11 8 14 9 20 19 11 12 20