Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Good day tutor, could you kindly assist in answering the questions (4-6 only)below. The data set has salaries of recent graduates (within the last five

Good day tutor, could you kindly assist in answering the questions(4-6 only)below.

The data set has salaries of recent graduates (within the last five years) from public universities or private universities; (#s 1-6) is about the difference in population means (1 2 )

For Problems4- 6: A researcher claims that, on average, recent graduates from private universities earn at least $5000 more per year than graduates from public universities. Using the first data set and = 0.01, test if there is evidence against the researcher's claim. That is, test that the difference is not more than $5000

--------------------------------------------- Start here --------------------------------------------------

4. Type the probability statement for the p-value and the probability. Round the test statistic to 2 decimals and the p-value to 6 decimals. Showing two p-values (probabilities): one-tailed and two-tailed, select the one that is for the hypothesis from #2.

5. Type the critical value(s) for the rejection region for this test to 6 decimals. Shows the positive critical values for one-tailed and two-tailed tests. The appropriate value(s) is based on the hypothesis from #2

6. Compare the p-value to , or the test statistic to the critical value(s);by typing the conclusion -------------------------------------------------- End -----------------------------------------------------

Data set below for reference to aid in answering question above

Private University Public University
58878.66 42545.94
72080.56 86914.89
63743.64 93220.61
81018.57 48826.9
77160.13 43750.09
77535.37 56173.95
67803.82 66816.77
102140.13 46175.76
46626.62 86749.49
84375.51 66292.88
46353.33 63892.95
78113.87 51010
58707.28 86749.44
50379.62 45064.9
78358.12 94074.1
97967.97 65357.33
89501.6 73412.55
51540.79 50695.4
71850.34 58633.43
40894.52 53232.85
70022 95903.43
93974.41 81920.95
77537.06 73597.29
83668.64 81524.29
91611.48 54405.88
80122.97 52392.3
81539.11 67387.46
65772.14 87761.65
46064.45 54507.48
73574.09 92895.5
80431.85 88532.74
56644.22 41897.89
57871.52 43762.43
69004.35 65984.03
65509.34 87000.55
48623.15 75807.69
43628.01 66740.78
91006.87 82703.64
56022.63 58424.15
66304.41 65462.2
61790.77 39982.5
75857.16 84752.09
60951.87 52028.49
64730.12 65483.67
73263.86 56925.79
77303 69736.43
45437.85 49542.18
87699.3 71628.78
62488.01 91358.4
59655.36 52568.57
74263.75 72511.61
48196.33 56041.55
88239.42 80752.91
55734.81 75437.24
71213.24 51104.89
55639.66 65593.17
52482.21 46935.06
61645.62 97420.91
77602.12 97241.29
59728.99 86773.56
49463.04 77623.62
78049.64 64911.76

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge IGCSE And O Level Additional Mathematics Coursebook

Authors: Sue Pemberton

2nd Edition

1108411665, 9781108411660

More Books

Students also viewed these Mathematics questions

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

What are the skills of management ?

Answered: 1 week ago

Question

Defi ne HR planning and outline the HR planning process. LO1

Answered: 1 week ago