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?
Scenario 1
https://content.learntoday.info/G310c_Spring_15/site/Project/g310_scenario_option1.docx
https://content.learntoday.info/G310c_Spring_15/site/Project/g310_dataset_option1.xlsx
This week you will begin working on Phase 3 of your course project. Using the same 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.
If you selected Option 1:
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 unknown.
If you selected Option 2:
Original Claim: The average age of all patients admitted to the hospital with infectious diseases is less than 65 years of age.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
Based 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.
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