Answer G H I (a) What conditions should you check first before you conduct the hypothesis test? (b) Write the null and alternative hypotheses. (c) What type of test are you doing: right-tailed, left-tailed or two-tailed? (d) What formula should be used for the test statistic? (e) What number is the test statistic equal to? (f) Sketch a graph of the p-value (g) What p-value do you obtain? Round to the ten-thousandths. (h) Do you reject the null hypothesis or fail to reject the null hypothesis? Explain. (i) Please write a conclusion sentence, in the context of the problem, that explains to a lay person the result of the hypothesis test. 6. Average weekly earnings for those working in financial activities is $623. A group of employees working for a large national accounting firm felt that they earned more. The mean weekly earnings for a random sample of 21 employees showed an average weekly earning of $650 with a standard deviation of $72. At α =0.01, can it be concluded that the employees are correct?
Answer G H I
(a) What conditions should you check first before you conduct the hypothesis test?
(b) Write the null and alternative hypotheses.
(c) What type of test are you doing: right-tailed, left-tailed or two-tailed?
(d) What formula should be used for the test statistic?
(e) What number is the test statistic equal to?
(f) Sketch a graph of the p-value
(g) What p-value do you obtain? Round to the ten-thousandths.
(h) Do you reject the null hypothesis or fail to reject the null hypothesis? Explain.
(i) Please write a conclusion sentence, in the context of the problem, that explains to a lay person the result of the hypothesis test.
6. Average weekly earnings for those working in financial activities is $623. A group of employees working for a large national accounting firm felt that they earned more. The mean weekly earnings for a random sample of 21 employees showed an average weekly earning of $650 with a standard deviation of $72. At α =0.01, can it be concluded that the employees are correct?
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