Patrick L. answered 07/07/20
BA in Economics with Statistics Minor
Ho: µw = µm
HA: µw ≠ µm
We will use the 2-sample t-test for equal means.
t = d-bar/(sd/√n) = 10992/(39341/√362) = 5.31601
DF = 181 + 181 - 2 = 360 (assume equal variances exist)
To find the p-value, you will need to use a graphing calculator with the 2-sample test for two means feature. The p-value will be less than 0.00001, which is less than 0.05 from the level of significance. Therefore, we can reject the null hypothesis, which means there is sufficient evidence that women have different levels of debt than men.
Ho: µw = µm
HA: µw > µm
You will have the same answers from above for the one-sided test. In this case, you have sufficient evidence that women have different levels of debt than men by rejecting the null hypothesis.
Tasneem R.
For question 3 what is the p-value?07/07/20