Samples - hypothesis test for a single population mean of a quantitative variable
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Please conduct a hypothesis test for a single population mean of a quantitative variable equal to a given number.
For example, test the hypothesis that the population mean of the intrinsic is equal to 5 or not.
Use all 25 data rows. Since n<30, use a t statistic.
For this and any hypothesis test, number the five steps as in the book.
Please provide the following summary table.
Null and Alternative Hypotheses
H0:
H1:
Significance Level
Degrees of freedom
Critical Value α =
df =
tcrit =
Test Value
t=
Decision
Write this as a coherent integrated report with an introduction, description of methods, results, interpretation of results, and conclusion, with references.
Please see the attached Excel sheet for the required data.
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Solution Summary
A tutorial for conducting a hypothesis test is provided.
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An Introduction:
Qualitative Data:
In qualitative analysis data are classified on the basis of descriptive characteristics or on the basis of attributes like sex, literacy, religion, education , etc., which cannot be measured.
So from the given data set Gender, Age, Department, Position and Tenure are qualitative data.
Quantitative Data:
Quantitative Data is based on such characteristics which are capable of quantitative ...
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