1) State the null and alternative hypotheses using the appropriate notation. 2) Calculate the test statistic. Please round your final answer to 2 decimal places. Note: you may use Excel to calculate the test statistic. No need to show your work. 3) Find the p-value using Excel. Use your rounded test statistic from part 2, and show your Excel command. For example, suppose this question had instead asked for you to calculate a sample mean of 10 values. If I had data in cells Al through A10 in Excel, and I typed =average(Al:A10), hit enter, and got the result 10.2, then I would provide: =average(A1:A10)=10.2. Note: you will get a strange value here. Don't worry about it.
1) State the null and alternative hypotheses using the appropriate notation. 2) Calculate the test statistic. Please round your final answer to 2 decimal places. Note: you may use Excel to calculate the test statistic. No need to show your work. 3) Find the p-value using Excel. Use your rounded test statistic from part 2, and show your Excel command. For example, suppose this question had instead asked for you to calculate a sample mean of 10 values. If I had data in cells Al through A10 in Excel, and I typed =average(Al:A10), hit enter, and got the result 10.2, then I would provide: =average(A1:A10)=10.2. Note: you will get a strange value here. Don't worry about it.
1) State the null and alternative hypotheses using the appropriate notation. 2) Calculate the test statistic. Please round your final answer to 2 decimal places. Note: you may use Excel to calculate the test statistic. No need to show your work. 3) Find the p-value using Excel. Use your rounded test statistic from part 2, and show your Excel command. For example, suppose this question had instead asked for you to calculate a sample mean of 10 values. If I had data in cells Al through A10 in Excel, and I typed =average(Al:A10), hit enter, and got the result 10.2, then I would provide: =average(A1:A10)=10.2. Note: you will get a strange value here. Don't worry about it.
The Bank of Canada plans to increase interest rates many times in 2022 [1]. Suppose a survey is conducted by a polling organization, and Saskatchewanians answered the question: “do you believe will you be majorly affected, somewhat affected, or not at all affected by interest rates climbing?”. The survey yielded the following results.
The same survey was conducted in Ontario, and it was found that 35% of Ontarians believed they would be majorly affected, 15% believed they would be somewhat affected, and 50% believed they would not be affected at all. The polling organization is interested in determining if there is a difference in the population proportions between the two provinces. Conduct an appropriate hypothesis test by filling in the blanks below. Let group 1 be the “majorly affected” group; group 2 be the “somewhat affected” group, and group 3 be the “not at all affected” group.
1) State the null and alternative hypotheses using the appropriate notation.
2) Calculate the test statistic. Please round your final answer to 2 decimal places. Note: you may use Excel to calculate the test statistic. No need to show your work.
3) Find the p-value using Excel. Use your rounded test statistic from part 2, and show your Excel command. For example, suppose this question had instead asked for you to calculate a sample mean of 10 values. If I had data in cells A1 through A10 in Excel, and I typed =average(A1:A10), hit enter, and got the result 10.2, then I would provide: =average(A1:A10)=10.2. Note: you will get a strange value here. Don’t worry about it.
4) Based on this p-value, do you reject the null hypothesis (answer “yes” or “no” only, with no additional words)?
5) In one sentence, conclude in the context of the original question.
6) Conduct a follow-up analysis. Show all of your work. Do exactly as shown in the M8 Tutorial (second picture), including all rounding (copy/paste from that document and change numbers and context). Ensure you have the entire follow-up analysis (i.e., everything on that page, not just the table).
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