Is self-employment for immigrant workers a faster route to economic advancement in the country? This was one
Question:
a. Based on the information given, why is it impossible to provide a measure of reliability for the inference "Self-employed immigrants are younger, on average, than wage-earning immigrants in Sweden"?
b. What information do you need to obtain a measure of reliability for the inference, part a?
c. Give a value of the test statistic that would lead you to conclude that the true mean age of self-employed immigrants is less than the true mean age of wage-earning immigrants if you are willing to risk a Type I error rate of .01.
d. Assume that Ï, the standard deviation of the ages, is the same for both self-employed and wage-earning immigrants. Give an estimate of Ï that would lead you to conclude that the true mean age of self-employed immigrants is less than the true mean age of wage-earning immigrants using α = .01.
e. Is the true value of a likely to be larger or smaller than the one you calculated in part d?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich