An economist collects a simple random sample of 32 teacher's salaries in Cititon, and finds a mean of $67,000 and a standard deviation of $8,000. Is there enough evidence to conclude, at a significance of alpha= 0.05, that the mean salary of teachers in Cititon is different than $70,000? What is the test statistic? What is the null hypothesis? What conclusion do we draw? Do we reject the null hypothesis? What is/ are the critical value(s)? What is the alternative hypothesis? What is the p-value for the problem above?
An economist collects a simple random sample of 32 teacher's salaries in Cititon, and finds a mean of $67,000 and a standard deviation of $8,000. Is there enough evidence to conclude, at a significance of alpha= 0.05, that the mean salary of teachers in Cititon is different than $70,000? What is the test statistic? What is the null hypothesis? What conclusion do we draw? Do we reject the null hypothesis? What is/ are the critical value(s)? What is the alternative hypothesis? What is the p-value for the problem above?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 9E
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An economist collects a simple random sample of 32 teacher's salaries in Cititon, and finds a mean of $67,000 and a standard deviation of $8,000. Is there enough evidence to conclude, at a significance of alpha= 0.05, that the mean salary of teachers in Cititon is different than $70,000?
What is the test statistic?
What is the null hypothesis?
What conclusion do we draw?
Do we reject the null hypothesis?
What is/ are the critical value(s)?
What is the alternative hypothesis?
What is the p-value for the problem above?
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