Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants to test if the average hourly wage is less than $29. Assume that the population standard deviation is $5. E Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Hg: H = 29; Ha: µ + 29 O Hg: µ s 29; HA: µ > 29 O Hg: H 2 29; HA: H < 29 O b-1. Find the value of the test statistic. (Negative value should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 8 Answer is complete but not entirely correct. Test statistic -2.40 8 b-2. Find the p-value. p-value < 0.01 O O p-value 2 0.10 O 0.05 s p-value < 0.10 O 0.025 s p-value < 0.05 O 0.01 s p-value < 0.025

Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants to test if the average hourly wage is less than $29. Assume that the population standard deviation is $5. E Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Hg: H = 29; Ha: µ + 29 O Hg: µ s 29; HA: µ > 29 O Hg: H 2 29; HA: H < 29 O b-1. Find the value of the test statistic. (Negative value should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) 8 Answer is complete but not entirely correct. Test statistic -2.40 8 b-2. Find the p-value. p-value < 0.01 O O p-value 2 0.10 O 0.05 s p-value < 0.10 O 0.025 s p-value < 0.05 O 0.01 s p-value < 0.025

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Description: Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants to test if the average hourly wage isless than $29. Assume that the population standard deviation is $5.Click here for the Excel Data Filea. Select the null a

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants to test if the average hourly wage is
less than $29. Assume that the population standard deviation is $5.
Click here for the Excel Data File
a. Select the null and the alternative hypotheses for the test.
Hg: H = 29; HA: µ + 29
Ο Hg: μ < 29; HA: μ > 29
Hg: H 2 29; HA: H < 29
b-1. Find the value of the test statistic. (Negative value should be indicated by a minus sign. Round intermediate calculations to at
least 4 decimal places and final answer to 2 decimal places.)
* Answer is complete but not entirely correct.
Test statistic
-2.40 8
b-2. Find the p-value.
p-value < 0.01 O
O p-value 2 0.10
O 0.05 s p-value < 0.10
O 0.025 s p-value < 0.05
O 0.01 s p-value < 0.025

c. At a = 0.05, what is the conclusion?
Do not reject Ho, the hourly wage is less than 29.
Reject Ho, the hourly wage is not less than 29.
Reject Ho,the hourly wage is less than 29
Do not reject Ho, the hourly wage is not less than 29.

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