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Name: Nursing faculty at a local college were interested in seeing if there
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Description: Nursing faculty at a local college were interested in seeing if there was a difference in the mean starting salaries for newly graduated registered nurses (RN) in Baltimore and Philadelphia. One hundred randomly selected new Baltimore RN's showed 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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Nursing faculty at a local college were interested in seeing if there was a difference in the mean starting salaries for newly graduated registered nurses (RN) in Baltimore and Philadelphia. One hundred randomly selected new Baltimore RN's showed a mean salary of $61,500 with a standard deviation of $8,500. One hundred randomly selected new Philadelphia RN's had a mean salary of $65,275 with a standard deviation of $9,500. Does this evidence show a difference in mean salaries using a 0.05 significance level? What is the t-stat and p-value? What is your decision for the hypothesis

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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