Course Solutions Uncategorized (Answered):Phase 3 Course Project 2 . . . .

(Answered):Phase 3 Course Project 2 . . . .

Question Description

This week you will begin working on Phase 3 of your course project. Using the same data set and variables for your selected topic that you used for phases 1 and 2, add the following information to your analysis:

  1. Discuss the process for hypothesis testing.
    1. Explain the 8 steps of hypothesis testing
    2. When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
  2. Perform the hypothesis test.

    If you selected Option 1 (Salaries):

    Claim: The average salary for all jobs in Minnesota is less than $65,000. Test the claim using α = 0.05

    OR

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