Question

A survey was conducted of 2,000 residents of New York and 2,000 residents from Ohio about...

A survey was conducted of 2,000 residents of New York and 2,000 residents from Ohio about their weekly salary. For New York. the average is $8,500, with a standard deviation of 2,000. For Ohio, the average is $8,400 with a standard deviation of 1,000. The Ho is that those in New York earn more than those in Ohio, while the alternative hypothesis is that those in Ohio earn more than those in New York.

a. Using a two-sided probability with a significance level of α = 0.05, are earnings in New York statistically significant when compared to workers from Ohio?

b. Would these results change if the α = 0.1? And why?

Homework Answers

Answer #1


The sample means are . The sample standard deviations are . The sample sizes are .

a)The CI for difference in means is mean is

The 95% CI for difference in means is

Since the lower bound of the confidence interval is gretare than 0 , we conclude that the

earnings in New York statistically significant when compared to workers from Ohio.

b)The 90% CI for difference in means is

No. The above conclusion holds. For the lower bound of the confidence interval is gretare than 0 .

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
(d) A similar study was conducted on salary distribution of Paris residents in 2019. The research...
(d) A similar study was conducted on salary distribution of Paris residents in 2019. The research team aimed to estimate the average salary. They chose the 98% confidence and assumed that the population standard deviation was the same as in 2015 (68.75). Assume again that those salaries were normally distributed. If they would like the (margin of) error to be no more than €60, how large a sample would they need to select?
A similar study was conducted on salary distribution of Paris residents in 2019. The research team...
A similar study was conducted on salary distribution of Paris residents in 2019. The research team aimed to estimate the average salary. They chose the 98% confidence and assumed that the population standard deviation was the same as in 2015. Assume again that those salaries were normally distributed. If they would like the (margin of) error to be no more than €60, how large a sample would they need to select? (That is, find the minimum sample size.) Select one:...
In a study of monthly salary distribution of residents in Paris conducted in year 2015, it...
In a study of monthly salary distribution of residents in Paris conducted in year 2015, it was found that the salaries had an average of €2200 (EURO) and a standard deviation of €550. Assume that the salaries were normally distributed. Question 1: Consider sampling with sample size 64 on the above population. Compute the mean of the sampling distribution of the mean (?̅). Question 2: Compute the standard deviation of the sampling distribution of the mean in Question 1 above....
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 124000 dollars. Assume the standard deviation is 37000 dollars. Suppose you take a simple random sample of 74 graduates. Find the probability that a single randomly selected salary is more than 123000 dollars. P(X > 123000) = Find the probability that a sample of size n=74n=74 is randomly selected with...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 187000 dollars. Assume the standard deviation is 42000 dollars. Suppose you take a simple random sample of 62 graduates. Find the probability that a single randomly selected salary is more than 181000 dollars. P(X > 181000) = Find the probability that a sample of size n=62n=62 is randomly selected with...
In a study of monthly salary distribution of residents in Paris conducted in year 2015, it...
In a study of monthly salary distribution of residents in Paris conducted in year 2015, it was found that the salaries had an average of €2200 (EURO) and a standard deviation of €550. One years later (in 2016), it was suspected that the average salary had increased. A hypothesis test was conducted at a significance level of 5% to test the suspicion. A random sample of size 64 was chosen with mean of €2385 and standard deviation of €650. Question...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 190000 dollars. Assume the standard deviation is 39000 dollars. Suppose you take a simple random sample of 96 graduates. Find the probability that a single randomly selected salary is less than 195000 dollars. Answer = Find the probability that a sample of size n = 96 n=96 is randomly selected...
In a survey of 100 U.S. residents with a high school diploma as their highest educational...
In a survey of 100 U.S. residents with a high school diploma as their highest educational degree (Group 1) had an average yearly income was $35,621. Another 120 U.S. residents with a GED (Group 2) had an average yearly income of $34,498. The population standard deviation for both populations is known to be $4,150. At a 0.01 level of significance, can it be concluded that U.S. residents with a high school diploma make significantly more than those with a GED?  Make...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $165,000. Assume the standard deviation is $37,000. Suppose you take a simple random sample of 16 graduates. Round all answers to four decimal places if necessary. What is the distribution of X ? X ~ N( , ) What is the distribution of ¯ x ? ¯ x ~ N(...
usiness Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of...
usiness Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is $157,000. Assume the standard deviation is $36,000. Suppose you take a simple random sample of 16 graduates. Round all answers to four decimal places if necessary. What is the distribution of X? X ~ N( , ) What is the distribution of¯x?¯x ~ N( , ) For part b), is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT