Rasmussen College Module 03 Hypothesis Testing Process and Inferences Paper

In this module you will begin working on Phase 3 of your course project. Using the same data set and variables for your selected topic, add the following information to your analysis:

1. Discuss the process for hypothesis testing.
   • Discuss the 8 steps of hypothesis testing?
   • When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
2. Perform the hypothesis test.
   • • Original Claim: The average salary for all jobs in Minnesota is less than $65,000.
     • Test the claim using ? = 0.05 and assume your data is normally distributed and ? is unknown.
   • Answer the following:
     1. Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.
     2. Is the test two-tailed, left-tailed, or right-tailed? Explain.
     3. Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.
     4. What is the value of the test-statistic? What is the P-value?
     5. What is the critical value?
     6. What is your decision; reject the null or do not reject the null?
     7. Explain why you made your decision including the results for your p-value method or the critical value method.
     8. State the final conclusion in non-technical terms.

All work must be shown in the original data set provided in order to receive credit.