An economist wants to test if the average hourly wage is less than $22. Assume that the

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An economist wants to test if the average hourly wage is less than $22. Assume that the population standard deviation is $6.

a. State the null and the alternative hypotheses for the test.

b. The data accompanying this exercise show hourly wages. Find the value of the test statistic and the p-value.

c. At α = 0.05, what is the conclusion to the test? Is the average hourly wage less than $22?

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Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

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Question Posted: May 06, 2019 05:21 AM

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An economist wants to test if the average hourly wage is less than $22. Assume that the

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a H 0 22 H A 22 b The value of the test statisti...View the full answer

Business Statistics Communicating With Numbers

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