27. The Employment and Training Administration reported the U.S. mean unemployment insurance benefit of $238 per week
Question:
27. The Employment and Training Administration reported the U.S. mean unemployment insurance benefit of $238 per week (The World Almanac 2003). A researcher in the state of Virginia anticipated that sample data would show evidence that the mean weekly unemployment insurance benefit in Virginia was below the national level.
a. Develop appropriate hypotheses such that rejection of H0 will support the researcher’s contention.
b. For a sample of 100 individuals, the sample mean weekly unemployment insurance benefit was $231 with a sample standard deviation of $80. What is the p-value?
c. At α .05, what is your conclusion?
d. Repeat the preceding hypothesis test using the critical value approach.
Step by Step Answer:
Essentials Of Modern Business Statistics
ISBN: 9780324312843
3rd Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams