Part 1: Hypothesis Test for the Mean - Manual Tasks • Define your concern of interest drawing upon your variables in your dataset. • Conceptualize your null and alternate hypotheses based on your testing concept. a. Apply 1 one-sided test (upper-tail or lower-tail) and 1 two-sided test concepts for the mean with unknown population standard deviation (�) at 1%, 5%, or 10% levels of significance (choose one of them for each test) by stating the appropriate decision rule.
Part 1: Hypothesis Test for the Mean
- Manual Tasks
• Define your concern of interest drawing upon your variables in your dataset.
• Conceptualize your null and alternate hypotheses based on your testing concept.
a. Apply 1 one-sided test (upper-tail or lower-tail) and 1 two-sided test concepts for the
mean with unknown population standard deviation (�) at 1%, 5%, or 10% levels of
significance (choose one of them for each test) by stating the appropriate decision rule.
b. Calculate p-value for each of your tests and perform testing for your same hypotheses
with p-value solution. Comment on how p-value changes for 1%, 5%, and 10%
significance levels (for all three).
**Here in order to apply
choose your sample size greater than 100 (n>100).
c. Make a confidence
based on 90%, 95% and 99% confidence levels and make interpretations for all three.
DATASET:
WaterBill | ElectricBill |
97 | 144 |
153 | 204 |
109 | 205 |
110 | 202 |
105 | 171 |
117 | 162 |
30 | 65 |
153 | 164 |
145 | 158 |
36 | 70 |
129 | 179 |
159 | 240 |
123 | 212 |
139 | 209 |
74 | 154 |
144 | 179 |
127 | 205 |
134 | 206 |
110 | 154 |
118 | 206 |
81 | 185 |
78 | 204 |
107 | 137 |
121 | 189 |
110 | 189 |
91 | 227 |
89 | 179 |
156 | 202 |
130 | 134 |
50 | 90 |
123 | 220 |
145 | 260 |
98 | 176 |
131 | 187 |
76 | 213 |
103 | 125 |
67 | 102 |
119 | 227 |
85 | 128 |
131 | 232 |
82 | 142 |
114 | 196 |
86 | 226 |
91 | 200 |
131 | 175 |
107 | 195 |
157 | 127 |
142 | 196 |
86 | 143 |
68 | 192 |
123 | 124 |
112 | 208 |
116 | 181 |
97 | 162 |
77 | 154 |
140 | 219 |
79 | 179 |
67 | 140 |
119 | 199 |
104 | 170 |
99 | 139 |
109 | 163 |
138 | 164 |
142 | 209 |
114 | 156 |
78 | 204 |
116 | 166 |
121 | 180 |
140 | 124 |
158 | 262 |
84 | 117 |
138 | 167 |
Step by step
Solved in 6 steps with 6 images