Asked by Keyuri Patel on May 17, 2024
Verified
In order to determine whether or not there is a significant difference between the mean hourly wages paid by two companies (of the same industry) , the following data have been accumulated. The p-value is
A) .0010.
B) .0021.
C) .0042.
D) .9990.
P-Value
The probability of observing results as extreme as those obtained during a study, assuming the null hypothesis is accurate.
Mean Hourly Wages
The average amount of earnings per hour worked across a specific group or sector.
- Acquire knowledge on how to apply and interpret p-values when conducting tests of hypotheses.
Verified Answer
SW
samantha winterMay 21, 2024
Final Answer :
B
Explanation :
The p-value is 0.0021, which is less than the significance level of 0.05, meaning that we can reject the null hypothesis and conclude that there is a significant difference between the mean hourly wages paid by the two companies.
Learning Objectives
- Acquire knowledge on how to apply and interpret p-values when conducting tests of hypotheses.
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