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 Statistics For Business And Economics
ISBN: 9780324568608
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams