A two-sample test for means was conducted to determine if the completion time for continuing education programs for nurses differed when costs are paid by employers (Yes) versus when individuals paid out of their own funds (No). The Excel Data Analysis tool results are provided. Complete parts a through c below Click the icon to view the Excel Data Analysis tool results. a. Explain how to use this information to draw a conclusion if the null hypothesis is Hoy - 50. Clearly state the correct cribcal value and p-value and your conclusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to Bree decimal places as needed.) Therefore, the null hypothesis. The data provide sufficient evidence to conclude that the mean completion time is Excel Data Analysis tool results t-Test Two-Sample Assuming Unequal VananDES Mean Variance Yes 34.081 445.045 No 28.601 348.065 for nurses when costs are paid by employers. Observations 12 8 Hypothesized Mean Difference 0 df 18 t Stat 0.608 P(TS) one-tail 0.278 t Critical one-tail 1.746 P(Tst) two-tail t Critical two-tail 0.552 2.120 b. Explain how to use this information to drans a conclusion if the null hypothesis is Ho PY - 20. Clearly slate the correct critical value and p-value and your conclusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to three decimal places as needed.) Therefore. the null hypothesis. The data provide sufficient evidence to conclude that the mean completion time is for nurses when costs are paid by employers. c. Explain how to use this information to draw a conclusion if the null hypothesis is Ho: Hy - HN = 0. Clearly state the correct critical value and p-value and your condusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to three decimal places as needed.) Therefore. the null hypothesis. The data provide sufficient evidence to conclude that the mean complation time is for nurses when costs are paid by employers Print Done
A two-sample test for means was conducted to determine if the completion time for continuing education programs for nurses differed when costs are paid by employers (Yes) versus when individuals paid out of their own funds (No). The Excel Data Analysis tool results are provided. Complete parts a through c below Click the icon to view the Excel Data Analysis tool results. a. Explain how to use this information to draw a conclusion if the null hypothesis is Hoy - 50. Clearly state the correct cribcal value and p-value and your conclusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to Bree decimal places as needed.) Therefore, the null hypothesis. The data provide sufficient evidence to conclude that the mean completion time is Excel Data Analysis tool results t-Test Two-Sample Assuming Unequal VananDES Mean Variance Yes 34.081 445.045 No 28.601 348.065 for nurses when costs are paid by employers. Observations 12 8 Hypothesized Mean Difference 0 df 18 t Stat 0.608 P(TS) one-tail 0.278 t Critical one-tail 1.746 P(Tst) two-tail t Critical two-tail 0.552 2.120 b. Explain how to use this information to drans a conclusion if the null hypothesis is Ho PY - 20. Clearly slate the correct critical value and p-value and your conclusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to three decimal places as needed.) Therefore. the null hypothesis. The data provide sufficient evidence to conclude that the mean completion time is for nurses when costs are paid by employers. c. Explain how to use this information to draw a conclusion if the null hypothesis is Ho: Hy - HN = 0. Clearly state the correct critical value and p-value and your condusion. The alternative hypothesis is H₁: The p-value is (Type an integer or a decimal rounded to three decimal places as needed.) Therefore. the null hypothesis. The data provide sufficient evidence to conclude that the mean complation time is for nurses when costs are paid by employers Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A two-sample test for means was conducted to determine if the completion time for continuing education programs for nurses differed when costs are paid by employers (Yes) versus when individuals paid out of their own funds (No). The Excel Data Analysis tool results are provided. Complete parts a through c below
Click the icon to view the Excel Data Analysis tool results.
a. Explain how to use this information to draw a conclusion if the null hypothesis is Hoy - 50. Clearly state the correct cribcal value and p-value and your conclusion.
The alternative hypothesis is H₁:
The p-value is
(Type an integer or a decimal rounded to Bree decimal places as needed.)
Therefore,
the null hypothesis. The data
provide sufficient evidence to conclude that the mean completion time is
Excel Data Analysis tool results
t-Test Two-Sample Assuming Unequal VananDES
Mean
Variance
Yes
34.081
445.045
No
28.601
348.065
for nurses when costs are paid by employers.
Observations
12
8
Hypothesized Mean Difference
0
df
18
t Stat
0.608
P(TS) one-tail
0.278
t Critical one-tail
1.746
P(Tst) two-tail
t Critical two-tail
0.552
2.120
b. Explain how to use this information to drans a conclusion if the null hypothesis is Ho PY - 20. Clearly slate the correct critical value and p-value and your conclusion.
The alternative hypothesis is H₁:
The p-value is
(Type an integer or a decimal rounded to three decimal places as needed.)
Therefore.
the null hypothesis. The data
provide sufficient evidence to conclude that the mean completion time is
for nurses when costs are paid by employers.
c. Explain how to use this information to draw a conclusion if the null hypothesis is Ho: Hy - HN = 0. Clearly state the correct critical value and p-value and your condusion.
The alternative hypothesis is H₁:
The p-value is
(Type an integer or a decimal rounded to three decimal places as needed.)
Therefore.
the null hypothesis. The data
provide sufficient evidence to conclude that the mean complation time is
for nurses when costs are paid by employers
Print
Done
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