document.write( "Question 1187774: 1. Teaching Assistants' Stipends. A random sample of stipends of teaching assistants in economics is listed. Is there sufficient evidence at the alpha=0.05 level to conclude that the average stipend differs from $15,000? The stipends listed (in dollars) are for the academic year.
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document.write( "14,000 18,000 12,000 14,356 13,185,13,419 14,000 11,981 17,604 12,283,16,338 15,000\r
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Algebra.Com's Answer #819189 by Boreal(15235) You can put this solution on YOUR website! Ho: mean is 15000 \n" ); document.write( "Ha; mean is not \n" ); document.write( "alpha=0.05 p{reject Ho|Ho true} \n" ); document.write( "Test stat is a t0.975, df=11) \n" ); document.write( "critical value |t| > 2.201 \n" ); document.write( "calculation mean is $14347.17; s=$2048.54 \n" ); document.write( "t=(14347.17-15000)/2048.54/sqrt (12) \n" ); document.write( "=-652.83*sqrt(12)/2048.54 \n" ); document.write( "=-1.10 \n" ); document.write( "fail to reject Ho; insufficient evidence to suggest the true mean is not $15,000. \n" ); document.write( "p-value=0.29 \n" ); document.write( " |