Project 2: Analyze Your Own Data—Inference for a Difference in MeansThis project asks you to collect and analyze your own data for a difference in means. You should submit a well-written report...

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Answered Same DayNov 06, 2021

Answer To: Project 2: Analyze Your Own Data—Inference for a Difference in MeansThis project asks you to collect...

Rajeswari answered on Nov 07 2021
140 Votes
71154 assignment
The data is extracted from internet and the data consists of a random sample of 120 employee responses to a survey conducted by the VP of Human Resourecs at a large company.
There are in t
otal 6 columns in the data set with the variables explained below:
    Variables
     
     
     
     
     
    Salary
    in thousands of dollars
     
     
     
     
    Age
    in years
     
     
     
     
    YrsWork
    in years
     
     
     
     
    JGClass
    job-grade classification of 1, 3, 5, 7, 9, 11 (lowest skill job to highest skill job)
     
     
     
     
    EthnicityCODE
     
    1=Minority
     
    0=Not Minority
     
    Gender
     
    (Male, Female)
     
     
     
We are interested to find out whether there is significant difference between salaries of males and females in this data set.
So our objective is to compare the means of salaries of both genders and find out whether the salaries are the same or have significant difference.
For this purpose we find that these samples are randomly drawn and sample size of 120 is sufficiently large to represent one company
Population is the males and females of the entire company.
From the sample we can predict the results of population by suitable test.
To carry out the hypothesis testing between salary difference of males and females we first group the data according to our convenience
We prepare two columns one for males and one for females in the new sheet only for salaries first.
We first calculate variances and we find that these variances differ considerably.
So we are going to do t test for unequal variances to compare the mean salaries of males and females.
Hypotheses testing:
Hypothesis:
H0: Means of males in salaries = means of females in salaries
Ha: Means of males in salaries ≠means of females in salaries
(Two tailed test at 5% significance level)
Since population std deviation is not known, we can use only t test for comparison of means.
We have these two are samples from two different populations i.e. males of the company and females of the company.
Difference of means x bar – y bar would...
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