I am stuck trying to perform the five step hypothesis testing for this research question and data. Please if someone can help or at least suggest anything. TIA
Research Question:
"Does an individual with more years of education obtain a higher salary?" based on the Wage and Wage Earners Data Set and applying the Annual Wage in Dollars and Years of Education sample information.
Wage
37664
26820
60626
52762
83601
33959
83443
22133
68573
33351
60152
37771
24509
21716
14476
50171
19306
29977
19284
15013
10997
32138
23027
19452
25166
30308
13312
16796
13481
Years of education
18
18
18
18
17
17
17
16
16
16
16
15
14
12
12
12
9
16
16
16
14
14
14
13
12
12
12
12
12
Step 1: State the null hypothesis
H0: π1= π2
Step 2: State the alternate hypothesis
H1: π1≠ π2
Step 3: State the decision rule
Step 4: Compute the value of z
Step 5: Decision