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One unfortunate characteristic of the financial crisis in 2008 was the duration for those who were unemployed. A study wanted to examine the difference in
- One unfortunate characteristic of the financial crisis in 2008 was the duration for those who were unemployed. A study wanted to examine the difference in average weeks people were unemployed between the recession in 2001 and the recession in 2008. Use the worksheet "unemployed" to analyze the differences in average weeks people were unemployed.
- Specify the null and alternative hypothesis for a test to determine if the average weeks of unemployment were greater during the recession in 2008 than in 2001.
Ho :
Ha :
- What is the estimated difference in weeks unemployed between the two recessions?
- Let = .05. Perform the hypothesis test. Report the p-value for the test. What is your conclusion from this test?
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