Statistics Phase 3

This week you will begin working on Phase 3 of your course project. Using the same attached data set and variables for your selected topic, add the following information to your analysis:Discuss the process for hypothesis testing.Discuss the 8 steps of hypothesis testing?When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?Perform the hypothesis test-Original Claim: The average salary for all jobs in Minnesota is less than $65,000.Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknownBased on your selected topic, answer the following:Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.Is the test two-tailed, left-tailed, or right-tailed? Explain.Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.What is the value of the test-statistic? What is the P-value?What is the critical value?What is your decision; reject the null or do not reject the null?Explain why you made your decision including the results for your p-value and the critical value.State the final conclusion in non-technical terms.Please show your work for the construction of the test-statistic and explain your process for finding the p-value and critical value. Be sure to use the Equation Editor to format your equations.This assignment should be formatted using APA guidelines and a minimum of 2 pages in length.

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: