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You would like to get the highest paying job possible after graduating from UCR and are currently deciding whether to enroll in ECON 108 in the spring term or not. You find a sample of recent UC graduates that majored in Economics (there are no double majors in the samples). You sampled 100 Economics majors that took ECON 108 and you find that the average starting salary is 72K dollars, with a sample standard deviation of 10K dollars. You sampled 75 Economics majors that c not take ECON 108 and you find that the average starting salary is 65K dollars, with a sample standard deviation of 15K dollars. You decide to test m1 = m2 at the 1% level of significance. Wh is the outcome of your test? (Hint: Don't convert values to 1,000s. For example, the difference between the sample means is 7, not 7,000.) Reject the null hypothesis O Fail to reject the null hypothesis

You would like to get the highest paying job possible after graduating from UCR and are currently deciding whether to enroll in ECON 108 in the spring term or not. You find a sample of recent UC graduates that majored in Economics (there are no double majors in the samples). You sampled 100 Economics majors that took ECON 108 and you find that the average starting salary is 72K dollars, with a sample standard deviation of 10K dollars. You sampled 75 Economics majors that c not take ECON 108 and you find that the average starting salary is 65K dollars, with a sample standard deviation of 15K dollars. You decide to test m1 = m2 at the 1% level of significance. Wh is the outcome of your test? (Hint: Don't convert values to 1,000s. For example, the difference between the sample means is 7, not 7,000.) Reject the null hypothesis O Fail to reject the null hypothesis

MATLAB: An Introduction with Applications
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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You would like to get the highest paying job possible after graduating from UCR and are currently deciding whether to enroll in ECON 108 in the spring term or not. You find a sample of recent UCR graduates that majored in Economics (there are no double majors in the samples). You sampled 100 Economics majors that took ECON 108 and you find that the average starting salary is 72K dollars, with a sample standard deviation of 10K dollars. You sampled 75 Economics majors that did not take ECON 108 and you find that the average starting salary is 65K dollars, with a sample standard deviation of 15K dollars. You decide to test m1 = m2 at the 1% level of significance. What is the outcome of your test? (Hint: Don't convert values to 1,000s. For example, the difference between the sample means is 7, not 7,000.) Reject the null hypothesis Fail to reject the null hypothesis Not enough information O Accept the null hypothesis
Transcribed Image Text:You would like to get the highest paying job possible after graduating from UCR and are currently deciding whether to enroll in ECON 108 in the spring term or not. You find a sample of recent UCR graduates that majored in Economics (there are no double majors in the samples). You sampled 100 Economics majors that took ECON 108 and you find that the average starting salary is 72K dollars, with a sample standard deviation of 10K dollars. You sampled 75 Economics majors that did not take ECON 108 and you find that the average starting salary is 65K dollars, with a sample standard deviation of 15K dollars. You decide to test m1 = m2 at the 1% level of significance. What is the outcome of your test? (Hint: Don't convert values to 1,000s. For example, the difference between the sample means is 7, not 7,000.) Reject the null hypothesis Fail to reject the null hypothesis Not enough information O Accept the null hypothesis
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