2.3.The Tippie College of Business obtained the following results on the salaries of a recent graduating class:4.Finance MajorsBusiness Analytics Majors140= 305.I2 = $56,474$13,500T1 = $48,014%3D6.81 = $18,500827.a. Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics8.majors. Use a = 0.05.9.Ho : H1 - H2- Select your answer -10.H. : H1 - 42Select your answer -b. What is the value of the test statistic? Enter negative value as a negative number, if any.(rounded to 2 decimals)c. What is the p-value?df =168 (rounded down to nearest whole number)%3Dp-value(rounded to 3 decimals)d. What is your conclusion?- Select your answer vthat the salaries of Finance majors are lower than the salaries of Business Analytics majors.CSwith CamScanner

Answered: Image /qna-images/answer/824e8afd-c595-4f19-bcdf-8baf7a3e4bc2.jpg

Answered: The Tippie College of Business obtained…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

12) The personnel director for a small firm thinks that employees may be more likely to use sick days on Monday and Friday resulting in three-day weeks. a) What is the appropriate null and alternate hypothesis to determine if sick day absences depend on day of the week? b) The personnel director obtains sick day data for the past year and summarizes the number of absences by day of the week in the table below. Use JMP software to test the hypothesis of part a) c) Using alpha = 0.05, draw a conclusion for the hypothesis test and state the conclusion in the context of the problem. Day of Week Absences Monday 126 Tuesday 74 Wednesday 91 Thursday 82 Friday 115
The National Institute of Mental Health published an article stating that in any two-year period, approximately 10.5percent of American adults suffer from depression or a depressive illness. Suppose that in a survey of 150 people in a certain town, eight of them suffered from depression or a depressive illness. If you were conducting a hypothesis test to determine if the true proportion of people in that town suffering from depression or a depressive illness is lower than the percent in the general adult American population, what would the null and alternative hypotheses be?
A U.S. Food Survey showed that Americans routinely eat beef in their diet. Suppose that in a study of 49 consumers in Illinois and 64 consumers in Texas the following results were obtained from two samples regarding average yearly beef consumption: Illinois Texas = 49 = 64 = 54.1lb = 60.4lb S1 = 7.0 S2 = 8.0 Formulate a hypothesis so that, if the null hypothesis is rejected, we can conclude that the average amount of beef eaten annually by consumers in Illinois is significantly less than that eaten by consumers in Texas.
As a result of complaints from customers about delivery times, the manager at a pizza delivery service is ready to undertake a study to determine the average delivery time. Until now, the manager has believed the delivery time was 20 minutes. Question content area bottom Part 1 What are the null and alternative hypotheses? H0: ▼ Upper X overbarX sigmaσ ss betaβ muμ alphaα ▼ equals= not equals≠ enter your response here H1: ▼ sigmaσ alphaα ss Upper X overbarX betaβ muμ ▼ equals= not equals≠ enter your response here
If a researcher obtains a sample mean of M= 54, from a population with u = 46. With a given alpha, which combination of factors is most likely to result in rejecting the null hypothesis?
3. A researcher is testing a two-tailed null hypothesis at the p < .01 level with df = 45. What critical value would she or he use? Justify your answer
Question #4. US Universities found that 72% of people are concerned about the possibility that their personal records could be stolen over the Internet. If a random sample of 300 college students at a Midwestern university were taken and 228 of them were concerned about the possibility that their personal records could be stolen over the Internet, could you conclude at the 0.025 level of significance that a higher proportion of the university's college students are concerned about Internet theft than the public at large? Report the p-value for this test. Z0.025 = 1.96
A researcher who wants to know whether the proportion of male births in a hospital is different from the established baseline of 51.07%, would like to test the following hypotheses: Ho:P = 0.51 vs. Ha :P = does not equal 0.51 a) Is the alternative hypothesis upper tail, lower tail, or two tailed? b) What do you conclude if the test results p-value of 0.03 at alpha value = 5% c) What do you conclude if the test results p-value of 0.08 at alpha value = 10%
In testing hypotheses, which of the following would be strong evidence against the null hypothesis?a. Obtaining data with a test statistic of small magnitude.b. Obtaining data with a small P-value.c. Obtaining data with a large P-value.d. Using a large level of significance, α.e. Using a small level of significance, α
In order to determine whether or not there is a significant difference between the hourly wages of two companies, the following data have been accumulated. Company 1 Company 2 n1 = 80 n2 = 60 x̄1 = $10.80 x̄2 = $10.00 σ1 = $2.00 σ2 = $1.50 Refer to Exhibit 10-13. The null hypothesis for this test is _____.
Which pair of the hypotheses would be correct for the following claim: Claim: The percentage of cars sold with manual transmission is 2018 (group 1) is lower than the percentage of cars sold with manual transmission in 2010 (group 2) A. H0 :p1 −p2 =0andH1 :p1 −p2 <0 B. H0 :p1 −p2 <0andH1 :p1 −p2 =0 C. H0 :p1 −p2 =0andH1 :p1 −p2 ̸=0 D. H0 :p1 −p2 ̸=0andH1 :p1 −p2 =0 E. H0 :p1 −p2 =0andH1 :p1 −p2 >0 F. H0 :p1 −p2 >0andH1 :p1 −p2 =0
16.Regarding the following p-values, for which ones the null hypothesis H0 will be rejected at alpha = .01 level? Group of answer choices p= .03 p=.05 p= .003 p= .3

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS