Evaluate hypothesis tests for population parameters from one population. Student Success Criteria View the grading r

Assignment Content

1. Competency

   Evaluate hypothesis tests for population parameters from one population.

   Student Success Criteria

   View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.

   Instructions

   Scenario (information repeated for deliverable 01, 03, and 04)

   A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:

   • A listing of the jobs by title
   • The salary (in dollars) for each job
   • Spreadsheet

     In prior engagements, you have already explained to your client about the basic statistics and discussed the importance of constructing confidence intervals for the population mean. Your client says that he remembers a little bit about hypothesis testing, but he is a little fuzzy. He asks you to give him the full explanation of all steps in a hypothesis testing and wants your conclusion about a claim that the average salary for all jobs in the state of Minnesota is less than $75,000.

     Background information on the Data

     The data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately $30,000 to $200,000 for the state of Minnesota.

     What to Submit

     Your boss wants you to submit the spreadsheet with the completed calculations. Your research and analysis should be present within the answers provided on the worksheet.

     WorkSheets