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This assignment is intended to test your knowledge of how to appropriately compare two means in Excel using the data file Student_Debt.xlsx
. The data file has 50 randomly selected student debt amounts from 2011 and 50 randomly selected student debt amounts from 2007. You want to know whether the sample data provide enough evidence to believe there is a difference between the debt amounts in the two years.
After watching the accompanying videos, read MBA 6350 Week5 - Two sample t-test Instructions and Questions.docx with the instructions and questions. Run all required analyses and submit them along with the data file in a single Excel workbook that shows all your output. Answer all the questions in the provided space in the Word document and submit the completed document along with the workbook
Videos:
MBA 6350 Week 5 Homework (F-test, t-test)MBA 6350 Week 5 Homework (F-test, t-test)CriteriaRatingsPtsThis criterion is linked to a Learning OutcomePart 1a ( F-test)Which of the two years has the higher mean?10.0 pts
This criterion is linked to a Learning OutcomePart 1b (F-test)Which of the two years has the higher variance?10.0 pts
This criterion is linked to a Learning OutcomePart 1c (F-test)Based on the statistical output, would you conclude that variances are equal or not equal?10.0 pts
This criterion is linked to a Learning OutcomePart 2a (t-test)Is this a one-tailed or two-tailed test? Explain your answer.10.0 pts
This criterion is linked to a Learning OutcomePart 2b (t-test)Based on the statistical output, would you conclude that means are equal or not equal?10.0 pts
This criterion is linked to a Learning OutcomePart 2c (t-test)Using everyday language that could be understood by parents and students, what does the analysis say about student debt in 2011 versus 2007.10.0 pts
This criterion is linked to a Learning OutcomeExcel file included - Supporting data/tables40.0 pts
Total Points: 100.0
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