Question: 4. Hypothesis Tests. For this question, use the data set cakids.dta in problem set 1 and analyze the variable Poverty Status 3. Test the null

 4. Hypothesis Tests. For this question, use the data set cakids.dta

4. Hypothesis Tests. For this question, use the data set cakids.dta in problem set 1 and analyze the variable "Poverty Status" 3. Test the null hypothesis that that the population mean poverty rate is 20% (H 0 : y = .20) against the alternative that the population mean is not equal to 20% (H a : y a: .20) at the 5% signicance level. Use the pvalue approach to reach your conclusion. Clearly state and interpret your conclusion. b. How does the poverty status compare across boys and girls? Compute a 95% condence interval for the poverty rate for boys only, and then for girls only. c. How does the poverty ratio compare across different racial/ ethnic breakdowns? Compute a 95% condence interval for the poverty ratio across each race/ ethnicity group. [Hintz use the \"over\" option in command \"mean\

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!