Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Confidence Intervals and Chi Square
For questions 3 and 4 below, be sure to list the null and alternate hypothesis statements. Use .05 for your significance level in making your decisions.

For full credit, you need to also show the statistical outcomes - either the Excel test result or the calculations you performed.

Using our sample data, construct a 95% confidence interval for the population's mean salary for each gender.

Interpret the results. How do they compare with the findings in the week 2 one sample t-test outcomes (Question 1)?

Mean St error t value Low to High

Males

Females

Reminder: standard error is the sample standard deviation divided by the square root of the sample size.

Interpretation:

2 Using our sample data, construct a 95% confidence interval for the mean salary difference between the genders in the population.
How does this compare to the findings in week 2, question 2?

Difference St Err. T value Low to High

Can the means be equal? Why?

a. Why is using a two sample tool (t-test, confidence interval) a better choice than using 2 one-sample techniques when comparing two samples?


3 We found last week that the degree values within the population do not impact compa rates.

This does not mean that degrees are distributed evenly across the grades and genders.

Do males and females have athe same distribution of degrees by grade?

(Note: while technically the sample size might not be large enough to perform this test, ignore this limitation for this exercise.)

What are the hypothesis statements:

Ho:

Ha:

Note: You can either use the Excel Chi-related functions or do the calculations manually.

Data input tables - graduate degrees by gender and grade level

OBSERVED A B C D E F Total If desired, you can do manual calculations per cell here.

M Grad A B C D E F

Fem Grad M Grad

Male Und Fem Grad

Female Und Male Und

Female Und

Sum =

EXPECTED

M Grad For this exercise - ignore the requirement for a correction factor

Fem Grad for cells with expected values less than 5.

Male Und

female Und

Interpretation:

What is the value of the chi square statistic:

What is the p-value associated with this value:

Is the p-value <0.05?

Do you reject or not reject the null hypothesis:

If you rejected the null, what is the Cramer's V correlation:

What does this correlation mean?

What does this decision mean for our equal pay question:


4 Based on our sample data, can we conclude that males and females are distributed across grades in a similar pattern
within the population?

What are the hypothesis statements:
Ho:
Ha:

Do manual calculations per cell here (if desired)
A B C D E F A B C D E F
OBS COUNT - m M
OBS COUNT - f F

Sum =
EXPECTED

What is the value of the chi square statistic:

What is the p-value associated with this value:

Is the p-value <0.05?

Do you reject or not reject the null hypothesis:

If you rejected the null, what is the Phi correlation:

What does this correlation mean?

What does this decision mean for our equal pay question:

5.      How do you interpret these results in light of our question about equal pay for equal work?


Attachment:- week_4_data.xlsm

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91530105
  • Price:- $60

Priced at Now at $60, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Quesiton sue is working at a sports bar waiting on tables

Quesiton: Sue is working at a sports bar waiting on tables while attending college. She is currently enrolled as a sophomore in the school of business at State University majoring in human resource management. What are t ...

Question - arnold companys raw material purchases during

Question - Arnold Company's raw material purchases during January, its first month of operations, were as follows: Quantity Cost per unit Total Costs 1/2 1,200 pounds 2.20 2,640 1/8 2,200 pounds 2.25 4950 1/15 2,800 poun ...

Question - morgan jennings a geography professor invests

Question - Morgan Jennings, a geography professor, invests $99,000 in a parcel of land that is expected to increase in value by 15 percent per year for the next ten years. He will take the proceeds and provide himself wi ...

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question - on october 1 nathan4u inc made a 25000 sale on

Question - On October 1, Nathan4U, Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company method to record sales made on credit, how much should be recorded as revenue on October 1?

Question - on january 4 2017 ivanhoe company leased a

Question - On January 4, 2017, Ivanhoe Company leased a building to Vaughn Manufacturing for a ten-year term at an annual rental of $185000. At inception of the lease, Ivanhoe received $740000 covering the first two year ...

Question - garfield gunman purchased as a held-to-maturity

Question - Garfield Gunman; purchased, as a held-to-maturity investment, $80,000 of the 9%, 5-year bond on Chester Corporation for $70,086, which provides an 11% return. Prepare Garfield's journal entries for (a) the pur ...

Question - as the senior accountant you had just prepared

Question - As the senior accountant you had just prepared & posted the journal entry that closed the revenue accounts to the income summary account. Suddenly you noticed that your bookkeeper made a tragic error in record ...

Question - on january 1 2016 company x had an inventory

Question - On January 1, 2016, Company X had an inventory balance of $200,000. During the year, Company X had net purchases of $1,000,000 and net sales of $900,000. Historically, Company X's gross profit ratio has been 4 ...

Question - henry bautista needs 23800 in 10 yearswhat

Question - Henry Bautista needs $23,800 in 10 years. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded qua ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As