EMBRY RIDDLE MATH222 Module 3 - Discussion: Statistical P-Value Study

In StatCrunch Assignment 1A, you selected a random sample of 30 StatCrunch U students and then downloaded data on their responses to a survey. Use that file for this discussion activity. You will also need to study the file in Module 3 about Randomization tests.

Suppose you want to compare the amount of student loan debt for males and females at StatCrunch U. The null hypothesis for this problem would be that there is no difference in the mean amounts of student loan debt for males and females and the alternate hypotheses would be that there is a difference in mean amounts of student loan debt. Using the sample you downloaded in StatCrunch Assignment 1A, conduct a randomization test for two means with 3000 randomizations. (Your input menu should be similar to the image.)

In the discussion post your initial responses to the following:

1. Paste the output from your randomization test in the discussion area. For "How-to" instruction go to the StatCrunch Help (Links to an external site.)Website, specifically, Saving, Copying, Printing, and Downloading Results (Links to an external site.). Copy and save the image, then insert your randomization image in the discussion area (see Canvas instructions on How do I insert an image file in a Discussion reply?).
2. What p-value did you get in your randomization? Explain in the context of the problem what the p-value means.
3. Do you think the data support the null hypothesis of no difference in mean student loan debt between males and females or the alternate hypothesis that there is a difference? Explain your answer.

You should post your initial summary no later than the 4th day of the week. Later in the week, return to the discussion, read the summaries posted by your classmates, and comment on at least two of their postings.