Statistics for Data Science and Business Analysis - Practical Example: Hypothesis Testing

The video explores the gender pay gap at a fictitious company, Spark Fortress Incorporated. It uses hypothesis testing to determine if there is a significant difference in salaries based on gender. The analysis shows no overall wage gap, but further segmentation by age reveals a gap favoring males in older employees. The video concludes with a homework assignment to test for racial discrimination.

What is the main objective of the study conducted on Spark Fortress Incorporated?

Evaluate responses using AI:

OFF

How many employees were included in the sample for the analysis?

Evaluate responses using AI:

OFF

What statistical test was used to determine if there is a wage gap based on gender?

Evaluate responses using AI:

OFF

What were the results of the T test for employees below 35 years old?

Evaluate responses using AI:

OFF

What conclusion was drawn regarding the wage gap for older employees?

Evaluate responses using AI:

OFF

What factors were mentioned as limitations in the analysis of the wage gap?

Evaluate responses using AI:

OFF

What is the homework assignment given to the students at the end of the lesson?

Evaluate responses using AI:

OFF