Question
Topic chosen :- You have been offered a job by the company STATNET. You are only interested in taking the job if the mean salary
Topic chosen :- You have been offered a job by the company STATNET. You are only interested in taking the job if the mean salary at STATNET is greater than $3500 per month. You will use your data set to perform the appropriate hypothesis test to determine whether you should take this job offer. You will then set up your slides to explain why or why you have not chosen to accept the job. DATA First Name Last Name Salary Sabrina Ferguson 1464 Lilianna. Elliott 6572 Ada Morgan 8260 James Howard 8585 Roland. Bailey 2384 Carina. Brown 6848 Sienna Parker 4486 Kristian Cameron 8457 Owen Brooks 1981 Carina Ferguson 4139 Alissa Gray 9757 Alexia Hill 655 Maximilian Hamilton 7097 Sarah Campbell 630 Naomi Kelly 3356 Jack Roberts 3892 Adrian Mason 9733 Violet Thomas 1467
Alisa Foster 6778 Freddie Richards 8948 Grace Watson 6532 Walter Wilson 4697 Lily Baker 8700 Alan Sullivan 9424 Lucas Hawkins 9195 Camila Lloyd 8483 Sawyer Payne 9377 Ellia Crawford 8815 Edward Kelly 1990 David Armstrong 7080 Camila Davis 3142 Clark Rogers 9867 Kate Morgan 6560 Charlotte Riley 7236 Tiana Andrews 8847 Vincent Barrett. 948 Henry Tucker 2373 Miranda Walker 4506 Kristian Richardson 3758 Alissa Phillips 2019
MEAN is 6330.7
To calculate the mean we add up all the salary values and divide the final total by 40
STANDARD DEVIATION IS 2892.4
For standard deviation we find the value of (F(x) - mean)^2 and divide it by N-1 and find the square root of that answer
Main Question :-
KEEP THE SIGNIFICANCE level at :- 0.05
Q1) complete the hypothesis test.
- Is the mean salary at STATNET greater than $3500 per month?
The data set you have generated will be used in a hypothesis test to answer these questions.
The results of the hypothesis test will be used to make a recommendation for each project.
- Should you take the job at STATNET? Why?
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