1. The logic of hypothesis testing Aa Aa A Bureau of Labor Statistics (BLS) econ
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1. The logic of hypothesis testing Aa Aa A Bureau of Labor Statistics (BLS) economist conducts a statistical study to test her hunch that in households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. The economist should use a hypothesis test because she: O Knows or can calculate the population mean, but she still should compare it to a sample mean O Does not know and probably cannot calculate the mean for the entire population Suppose the economist collects a random sample and decides to conduct a hypothesis test. Formulate the null and alternative hypotheses. For each statement in the following table, click the correct radio button to indicate whether the statement is the null hypothesis, the alternative hypothesis, or neither. (Hint: This is a nondirectional hypothesis test.) Null Alternative Hypothesis Hypothesis Neither In households with a minimum-wage worker, mean household debt increases following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt stays the same following a hike in the minimum wage In households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt decreases following a hike in the minimum wage.Explanation / Answer
1. The logic of hypothesis testing Aa Aa A Bureau of Labor Statistics (BLS) economist conducts a statistical study to test her hunch that in households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. The economist should use a hypothesis test because she: O Knows or can calculate the population mean, but she still should compare it to a sample mean O Does not know and probably cannot calculate the mean for the entire population Suppose the economist collects a random sample and decides to conduct a hypothesis test. Formulate the null and alternative hypotheses. For each statement in the following table, click the correct radio button to indicate whether the statement is the null hypothesis, the alternative hypothesis, or neither. (Hint: This is a nondirectional hypothesis test.) Null Alternative Hypothesis Hypothesis Neither In households with a minimum-wage worker, mean household debt increases following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt stays the same following a hike in the minimum wage In households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt decreases following a hike in the minimum wage.
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