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Essay / Research Paper Abstract
This 7 page paper uses data supplied by the student in order to assess if there appears to be a positive correlation between wages and length of time an individual has spent in education. The paper undertakes a statistical analysis and an hypothesis test. The bibliography cites 2 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEedsalary.rtf
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Unformatted sample text from the term paper:
those who plan for services such as welfare services it is important to ascertain if there is a link between extended education and potential salary. The link is one
which is assumed, but it is also a link that may not be as strong as it was in the past where there were clear delineation between white and blue
collar workers, and before there were the emergence of new technologies and the demand for a wider range of skills. In any community there will always be the story of
an individual who has made good with a poor background that has been able to get a good job or start their own business and earn a good wage. However,
these are exception and although there is some anecdotal evidence of the ability to earn a high wage regardless of educational background the ongoing assumption is still that of the
association of higher earnings being directly correlated with higher levels of education. The question that this research will undertake to asses is whether or not there is a direct
and signification correlation between the length of time spent in education and the annual salary earned. To assess this we will undertake an hypothesis test, for this we need to
state an hypothesis and a null hypothesis (Curwin and Slater, 1998). H1 There is a significant direct positive correlation between the time an individual has spent in education and
the salary that they earn, so the longer an individual has spent in education the larger the average salary observed will be. H0 There is not significant direct correlation between
time spent in education and salary. The approach of an hypothesis test is to look at the data and to try and
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