Discuss the below:
Develop one business research question from which you will formulate a research hypothesis that will test two populations.
Make a 1,050-1,750-word paper describing the results of a hypothesis test of two populations. Be sure to include the following in your paper:
a. Formulate both a numerical and verbal hypothesis statement regarding your research issue.
b. Perform the five-step hypothesis test on data pertaining to your selection.
c. Describe the results of your test, and explain how the findings from this hypothesis testing can be used to answer your research question.
Be sure to include your raw data tables and the results of your computations in your paper, using both graphical and tabular methods of displaying data and results.
The research question is "Whether younger people (ages 18-34) get paid more than older people (ages 35-50)".
Ages 18-34 Ages 35-50
|
Wages
|
Age
|
|
Wages
|
Age
|
|
11186
|
18
|
24509
|
35
|
|
20852
|
19
|
29407
|
35
|
|
10997
|
20
|
34746
|
35
|
|
14476
|
21
|
68573
|
36
|
|
13787
|
21
|
28168
|
36
|
|
19452
|
22
|
18121
|
36
|
|
16667
|
22
|
29390
|
37
|
|
15234
|
22
|
26614
|
37
|
|
39888
|
23
|
33411
|
38
|
|
13162
|
24
|
34454
|
39
|
|
20793
|
24
|
49774
|
39
|
|
19284
|
25
|
31314
|
39
|
|
13481
|
25
|
56811
|
39
|
|
16789
|
25
|
22485
|
40
|
|
11702
|
26
|
83601
|
41
|
|
11451
|
26
|
55777
|
41
|
|
33351
|
26
|
21994
|
42
|
|
37771
|
26
|
50187
|
42
|
|
25670
|
27
|
28440
|
42
|
|
29191
|
27
|
37664
|
43
|
|
41780
|
27
|
30133
|
43
|
|
29977
|
28
|
31799
|
43
|
|
15957
|
28
|
29809
|
43
|
|
21716
|
29
|
16817
|
44
|
|
33461
|
29
|
66738
|
44
|
|
28219
|
30
|
9879
|
46
|
|
31691
|
31
|
34484
|
47
|
|
52762
|
31
|
49974
|
48
|
|
22133
|
32
|
31304
|
48
|
|
15193
|
33
|
33959
|
49
|
|
19227
|
33
|
19306
|
49
|
|
50235
|
34
|
11780
|
50
|