Explain the related business decision

Assignment Help Management Theories

Reference no: EM133484783

Case Study:

For this assignment, you will run and interpret a correlation analysis using SPSS. The following vignette will inform you of the context for this assignment. Since Correlation Analyses requires A statistical hypothesis to determine if the relationship between two variables is statistically significant, you will use the six-step hypothesis testing process (noted below). This will allow you to learn the statistical hypothesis testing methodology and bivariate analysis techniques (Pearson correlation coefficient) at the same time A data file is provided for use in this assignment. Also, review the section on Presentation of Statistical Results and Explaining Quantitative Findings in a Narrative Report in the NU School of Business Best Practice Guide for Quantitative Research Design and Methods in Dissertations.
A manager is interested in studying the associations between a number of variables. These variables are age, years of experience, level of education, engagement, job satisfaction, and performance level. She thinks that employees with more years of experience are more engaged and satisfied. She thinks that younger employees will perform at a higher level, on average.

Question 1. State the null and alternative hypotheses sets. (Note, there will be 3 sets)

Question 2. Select the significance level.

Question 3. Select the test statistics and calculate its value.

Question 4. Identify critical values for the test statistics and state the decision rule concerning when to reject or fail to reject the null hypothesis.

Question 5. Compare the calculated and critical values to reach a conclusion for the null hypothesis.

Question 6. Explain the related business decision.

Reference no: EM133484783

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