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The hourly wages in a particular industry are normally
Chapter 10, Problem 18E(choose chapter or problem)
QUESTION:
Problem 18E
The hourly wages in a particular industry are normally distributed with mean $13.20 and standard deviation $2.50. A company in this industry employs 40 workers, paying them an average of $12.20 per hour. Can this company be accused of paying substandard wages? Use an α = .01 level test.
Questions & Answers
QUESTION:
Problem 18E
The hourly wages in a particular industry are normally distributed with mean $13.20 and standard deviation $2.50. A company in this industry employs 40 workers, paying them an average of $12.20 per hour. Can this company be accused of paying substandard wages? Use an α = .01 level test.
ANSWER:
Step 1 of 3
We have to test
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