Is College Worth It? In the New York Times article “College Graduates Fare Well in Jobs Market, Even through Recession,” C. Rampell noted that college graduates have suffered through the recession and lackluster recovery with remarkable resilience. Of a random sample of 1020 college graduates, 35 were unemployed; and of a random sample of 1008 high-school graduates (no college), 69 were unemployed. a. At the 1% significance level, do the data provide sufficient evidence to conclude that college graduates have a lower unemployment rate than high-school graduates? b. Find and interpret a 98% confidence interval for the difference in unemployment rates of college and high-school graduates.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

Is College Worth It? In the New York Times article “College Graduates Fare Well in Jobs Market, Even through Recession,” C. Rampell noted that college graduates have suffered through the recession and lackluster recovery with remarkable resilience. Of a random sample of 1020 college graduates, 35 were unemployed; and of a random sample of 1008 high-school graduates (no college), 69 were unemployed.

a. At the 1% significance level, do the data provide sufficient evidence to conclude that college graduates have a lower unemployment rate than high-school graduates?

b. Find and interpret a 98% confidence interval for the difference in unemployment rates of college and high-school graduates.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman