Question
I would like to conduct a hypothesis test at the 95% significance level that people with master's degree spend more money on good, quality or
I would like to conduct a hypothesis test at the 95% significance level that people with master's degree spend more money on good, quality or healthy food as indicated with survey score of 3.
Education | Rating | Count surveyed |
college/bachelor's degree | 3.59 | 211 |
currently a primary school pupil | 3.70 | 10 |
doctorate degree | 3.40 | 5 |
master's degree | 3.68 | 81 |
primary school | 3.40 | 80 |
secondary school | 3.55 | 621 |
1). Null hypothesis: People with a master's degree spend less money on good, quality, or healthy food as indicated with a survey score of 3. Alternative hypothesis: People with a master's degree spend more money on good, quality, or healthy food as indicated with a survey score of 3. Tail type: Right
Explanation:
2). Confidence level: 95% The null hypothesis is that people with a master's degree spend less money on good, quality, or healthy food as indicated with a survey score of 3. The alternative hypothesis is that people with a master's degree spend more money on good, quality, or healthy food as indicated with a survey score of 3. The confidence level is 95%. The T-Statistic is 3.68. The p-value is 0.000. The population represents all young people ages 15-30. 3). The null hypothesis is rejected. The p-value is 0.000. The population represents all young people ages 15-30.
PLEASE SHOW CALCULATIONS TO COME UP WITH Hypothesis using the T-Statistic.
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