Question: Abbott & Sons needs to forecast the mean age of its hourly workforce. A random sample of personnel files is pulled and give the results
Abbott & Sons needs to forecast the mean age of its hourly workforce. A random sample of personnel files is pulled and give the results below. Prepare both a point estimate and a 98% confidence interval for the mean age of the entire workforce. Test the hypothesis Ho: p = 44 versus H: 44 at the 2% level. Are the results of the hypothesis test consistent with the confidence interval for u? Would you expect them to be?
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