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    Phoniex
    Jul-2007 - Jun-2012

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Category > Accounting Posted 23 Aug 2017 My Price 11.00

Statistics Course Project Phase 3

Question description

 

Read the following attachments and use the same topic. Only do this project if you are profficient in statistics. 

This week you will begin working on Phase 3 of your course project. Using the same data set and variables for your selected topic that you used for phases 1 and 2, add the following information to your analysis:

  1. Discuss the process for hypothesis testing.
    1. Explain the 8 steps of hypothesis testing
    2. When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
  2. Perform the hypothesis test. 

    If you selected Option 1 (Salaries):

    Claim: The average salary for all jobs in Minnesota is less than $65,000. Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.

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Answers

QuickHelper
(10)
Status NEW Posted 23 Aug 2017 03:08 PM My Price 11.00

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