10. The logic of hypothesis testing Aa Aa A Bureau of Labor Statistics (BLS) eco

Question

10. The logic of hypothesis testing Aa Aa A Bureau of Labor Statistics (BLS) economist conducts a statistical study to test her hunch that in households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. The economist does not have access to all the data for the entire population of interest. However, i f she did, then she use the data to conduct a hypothesis test. should should not Suppose the economist collects a random sample and decides to conduct a hypothesis test. Formulate the null and altemative hypotheses. For each statement in the following table, click the correct radio button to indicate whether the statement is the null hypothesis, the altemative hypothesis, or neither. (Hint: This is a nondirectional hypothesis test.) Null Alternative Hypothesis Hypothesis Neither In households with a minimum-wage worker, mean household debt changes following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt decreases following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt stays the same following a hike in the minimum wage. In households with a minimum-wage worker, mean household debt increases following a hike in the minimum wage.

Explanation / Answer

10.

- should

- The research hypothesis is " Households with a min-wage order , mean household debts changes following
a hike in min wage"

In other words, the hypothesis can be set as:

Ho: B1 = 0
Ha: B1 !=0

Hence, 1st statement - Alternative (B1!=0)
Hence, 2nd statement - Neither (B1<0, not tested in hypothesis)
Hence, 3rd statement - Null (B1=0)
Hence, 4th statement - Neither (B1<0, not tested in hypothesis)

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