newspaper reporter is writing an article on employment status for young people who don’t have a high school diploma. She obtains employment data from 24 randomly selected full-time young male workers without a high school diploma. This data has a sample mean of $24,970 with standard deviation of $2300. Using this sample data to test the claim that the mean annual salary of all full-time young male workers (without a high school diploma) is different from $26,000, we get the following results from the TI-84. Using a 0.05 level of significance, state the conclusion in terms of the given claim and explain how this conclusion was reached
newspaper reporter is writing an article on employment status for young people who don’t have a high school diploma. She obtains employment data from 24 randomly selected full-time young male workers without a high school diploma. This data has a sample mean of $24,970 with standard deviation of $2300. Using this sample data to test the claim that the mean annual salary of all full-time young male workers (without a high school diploma) is different from $26,000, we get the following results from the TI-84. Using a 0.05 level of significance, state the conclusion in terms of the given claim and explain how this conclusion was reached
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A newspaper reporter is writing an article on employment status for young people who don’t have a high school diploma. She obtains employment data from 24 randomly selected full-time young male workers without a high school diploma. This data has a sample mean of $24,970 with standard deviation of $2300. Using this sample data to test the claim that the mean annual salary of all full-time young male workers (without a high school diploma) is different from $26,000, we get the following results from the TI-84. Using a 0.05 level of significance, state the conclusion in terms of the given claim and explain how this conclusion was reached
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
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