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In what follows use any of the following tests/procedures: Regression, multiple regression, confidence intervals, one sided...

In what follows use any of the following tests/procedures: Regression, multiple regression, confidence intervals, one sided T-test or two sided T-test. All the procedures should be done with 5% P-value or 95% confidence interval.Some answers are approximated, choose the most appropriate answer. Open Wages data. SETUP: Is it true that male and female workers have different wages? Given the data your job is to confirm or disprove this assertion.

II. Statistical interpretation? (6.66 points)

  • a. Since P-value is small we are confident that the slope is not zero.
  • b. Since P-value is small we are confident that the averages are different.
  • c. Since P-value is too large the test is inconclusive.
  • d. None of these.

III. Conclusion? (6.66 points)

  • a. Yes, we can confirm the assertion.
  • b. No, we cannot confirm the assertion.
     

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Answer #1

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