23 Jul YOUR WHICH TEST STATISTIC WILL YOU USE FOR YOUR HYPOTHESIS TEST; Z-TEST ORT- TEST?EXPLAIN.
Phase
3 of Project
This week you will begin working on Phase 3 of your course
project. Usingthe same data set and variables for your selected topic, add the
following informationto youranalysis: This project is due in Module 08
A. Discuss the process for
hypothesistesting.
o Discuss the steps of hypothesis
testing (should be around 8steps).
o When performing the steps for
hypothesis testing, which method doyou prefer: P-Value method or
Critical Value method?Why?
B. Perform the hypothesistest.
o If you selected Option1:
Original Claim: The average salary for all
jobs in your state isless than$65,000.
Test the claim using ? = 0.05
and assume your data isnormally distributed and ?
isunknown.
o If you selected Option2:
Original Claim: The value from the data set
is less than x(make an educatedguess).
Test the claim using ? = 0.05
and assume your data isnormally distributed and ?
isunknown.
Based on your selected
topic, answer thefollowing:
1. Write the null and alternative
hypothesis symbolically andidentify which hypothesis is
theclaim.
2. Is the test two-tailed,
left-tailed, or right-tailed?Explain.
3. Which test statistic will you
use for your hypothesis test; z-test ort- test?Explain.
4. What is the value of the
test-statistic? What is theP-value?
5. What is the criticalvalue?
6. What is your decision; reject
the null or do not reject thenull?
a. Explain why you made your
decision including the resultsfor your p-value and the
criticalvalue.
7. State the final conclusion in
non-technicalterms.
Please show your work for the construction of the test-statistic
and explainyour process for finding the p-value and critical value. You can
use Microsoft Excelto do your calculations. The assignment should be completed in
Microsoft Word, butyou can reference your spreadsheet in your writeup.
This assignment should be formatted using APA guidelines
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