Hypothesis Testing
Description
Having Trouble Meeting Your Deadline?
Get your assignment on Hypothesis Testing completed on time. avoid delay and – ORDER NOW
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:
- Discuss the process for hypothesis testing.
- Explain the 8 steps of hypothesis testing
- When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
- 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.
- Based on your MN salaries attached, perform and document the following steps:
- Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.
- Is the test two-tailed, left-tailed, or right-tailed? Explain.
- Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.
- What is the value of the test-statistic? Show your calculation
- What is the P-value? Explain how you determined it
- What is the critical value? Explain how you calculated it
- What is your decision? Reject the null or do not reject the null? Explain why you made your decision including the results for your p-value and the critical value.
- State the final conclusion in non-technical terms.
Please show your work for the construction of the test-statistic and explain your process for finding the p-value and critical value. You may use the Equation Editor to format your calculation steps on the Word document or attach an Excel spreadsheet clearly showing each calculation for #B4 and #B5, but your answers still need to appear on the Word document. Also, be sure to number each response in your paper using the same numbers as above
APA FORMAT.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.