MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Conduct a t-test at the .01 level.

Find the correct decision about the null hypothesis.

(A) Because the t-statistic exceeds the critical values, we fail to reject the null hypothesis.


(B) Because the t-statistic exceeds the critical values, we reject the null hypothesis.


(C) Because the t-statistic does not exceed the critical values, we fail to reject the null hypothesis.


(D) Because the t-statistic does not exceed the critical values, we reject the null hypothesis.

 

In your sample, there are two groups of people: those who have a high school degree
and those who have a bachelor's degree or higher. The following table shows the
sample statistics of the two groups. You hypothesize that in general those who have
a bachelor's degree or higher should earn more than those who have a high school
degree. The estimated standard error is $360.
Education
Group 1
High school
Group 2
BA or higher
Sample size
361
mean
$19,500
st.dev
$3,800
169
$20,500
$3,900
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Transcribed Image Text:In your sample, there are two groups of people: those who have a high school degree and those who have a bachelor's degree or higher. The following table shows the sample statistics of the two groups. You hypothesize that in general those who have a bachelor's degree or higher should earn more than those who have a high school degree. The estimated standard error is $360. Education Group 1 High school Group 2 BA or higher Sample size 361 mean $19,500 st.dev $3,800 169 $20,500 $3,900
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