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5 Steps of Hypothesis Testing

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List the five steps of hypothesis testing and explain the procedure and logic of each.

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Solution Summary

A complete, neat and step-by-step solution is provided in the attached Excel and Word file, explaining the five steps of hypothesis testing, along with the procedure and logic of each. It is provided as an example to demonstrate the answer.

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Hypothesis Development and Five Step Hypothesis Testing

The hypothesis should be developed to include an assessment of women with similar education and work experiences earn less money than men with similar qualifications. The data set and legend are included as an attachment.

Please provide a five-step hypothesis test with the data relevant to the selection (data set and legend attached)

Please provide raw data tables and the results using both graphical and tabular methods of displaying data and results. Excel worksheet and histogram would be appropriate.

The Wage and Wage Earners Data coloumns are as following:

Coloumn A = Wages
Coloumn D = Education
Coloumn H = Sex (woman or man, see legend)
Coloumn I = Work Experience

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