The average salary in this city is $46,300. Is the average different for single people? 62 randomly selected single people who were surveyed has an average salary of $43,946 and a standard deviation of $14,810. What can be concluded at the a = 3.01 level of significance? a. For this study, we should use | Select an answer b. The null and alternative hypotheses would be: Ho: 2 Select an answer H1: 2v Select an answerv c. The test statistic ?v = (please show your answer to 3 decimal places.) d. The p-value = (Please show your answer to 4 decimal places.) e. The p-value is ?v a f. Based on this, we should |Select an answer the null hypothesis. g. Thus, the final conclusion is that ... The data suggest that the population mean is not significantly different from 46,300 at or = 0.01, so there is statistically insignificant evidence to conclude that the population mean salary for singles is different from 46,300. The data suggest that the sample mean is not significantly different from 46,300 at a = 0.01, so there is statistically insignificant evidence to conclude that the sample mean salary for singles is different from 43,946. The data suggest that the populaton mean is significantly different from 46,300 at or = 0.01, so there is statistically significant evidence to conclude that the population mean salary for singles is different from 46,300. h. Interpret the p-value in the context of the study. If the population mean salary for singles is $46,300 and if another 62 singles are surveyed then there would be a 21.54554206% chance that the sample mean for these 62 singles surveyed would either be less than $43,946 or greater than $48,654. O There is a 21.54554206% chance of a Type | error. O If the population mean salary for singles is $46,300 and if another 62 singles are surveyed then there would be a 21.54554206% chance that the population mean would either be less than $43,946 or greater than $48,654. There is a 21.54554206% chance that the population mean salary for singles is not equal to $46,300 . i. Interpret the level of significance in the context of the study. There is a 1% chance that the population mean salary for singles is different from $46,300. O'If the population population mean salary for singles is different from $46,300 and if another 62 singles are surveyed then there would be a 1% chance that we would end up falsely concluding that the population mean salary for singles is equal to $46,300. There is a 1% chance that you won the lottery, so you may not have to even have to worry about passing this class. If the population mean salary for singles is $46,300 and if another 62 singles are surveyed then there would be a 1% chance that we would end up falsely concluding that the population mean salary for singles is different from $46,300
