An Excel File response question for this Module will provide another opportunity to follow the guidelines for a hypothesis test (and develop a template for this particular test). Specifically, this is an opportunity to execute the mechanics of the 5 step process on a hypothesis test for the difference between two population means using data from independent samples.
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For this Assignment Your Tasks is:
In Excel, do question 34 rom Evans Chapter 7 (page 279).
Use the five step process we have reviewed in class
Create a neatly formatted, well labeled Excel work product. Follow the model for a template presented on video.
As usual, imagine you are giving the work to a client or a very picky boss.
Instructions
In order to complete this assignment you must do the test using the aforementioned steps in a well labelled template (the one I want you to create).
Question 34 In the Excel file Credit Risk Data, test the hypotheses that the number of months employed is the same for applicants with low credit risk as for those with high credit risk evaluations. Use a level of significance of 0.01.
I add a picture how the problem needs to look like, with the 5 steps, graph and text