A researcher wants to test if the mean annual salary of all lawyers in a city is different from $110,000. A random sample of 51 lawyers selected from the city reveals a mean annual salary of $ 105000. Assume that o = $ 17300, and that the test is to be made at the 2% significance level. What are the critical values of z? O -1.28 and 1.28 O -2.05 and 2.05 O -1.645 and 1.645 O -2.33 and 2.33 What is the value of the test statistic, z, rounded to three decimal places? i What is the p-value for this hypothesis test, rounded to four decimal places? i Should you reject or fail to reject the null hypothesis in this test?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A researcher wants to test if the mean annual salary of all lawyers in a city is different from $110,000. A random sample of 51 lawyers
selected from the city reveals a mean annual salary of $ 105000. Assume that o = $ 17300, and that the test is to be made at the 2%
significance level.
What are the critical values of z?
O -1.28 and 1.28
O -2.05 and 2.05
O -1.645 and 1.645
O -2.33 and 2.33
What is the value of the test statistic, z, rounded to three decimal places?
i
What is the p-value for this hypothesis test, rounded to four decimal places?
i
Should you reject or fail to reject the null hypothesis in this test?
Transcribed Image Text:A researcher wants to test if the mean annual salary of all lawyers in a city is different from $110,000. A random sample of 51 lawyers selected from the city reveals a mean annual salary of $ 105000. Assume that o = $ 17300, and that the test is to be made at the 2% significance level. What are the critical values of z? O -1.28 and 1.28 O -2.05 and 2.05 O -1.645 and 1.645 O -2.33 and 2.33 What is the value of the test statistic, z, rounded to three decimal places? i What is the p-value for this hypothesis test, rounded to four decimal places? i Should you reject or fail to reject the null hypothesis in this test?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman