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PACC6008 Individual Assignment

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  • Course Code: PACC6008
  • University: University Of Newcastle
  • Country: Australia

Question:

Suppose Economics Web Institute conducted a research on US workers’ wage in 2018. They sent out a survey to a random sample of 536 workers and collected various information of them, including wage, occupation, sector, union, education, work experience, age, sex, marital status and living location. The data is reported in the Wage.xlsx data file.

(1) What is population Economics Web Institute is interested in?
(2) Use Microsoft Excel to conduct and present the appropriate graphic and descriptive analysis on two variables: wage and education, interpret the results, and prepare a report.

(3) Suppose Economics Web Institute also conducted the same survey in 2017, the proportion of workers with tertiary education was 0.45. They would like to know if this proportion has increased.

· What is the appropriate statistics used here to test it?
· What are the null and alternative hypotheses for this test?
· Produce the test results using Microsoft Excel, interpret it and make a final conclusion.

(4) Suppose Economics Web Institute also conducted the same survey in 2017, the average wage per hour was $30/hour. They would like to know if the average wage in 2018 is different from that in 2017.

· What is the appropriate statistics used here to test it?
· What are the null and alternative hypotheses for this test?
· Produce the test results using Microsoft Excel, interpret it and make a final conclusion

 
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