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3. Not all people living in the area surrounding Silicon Valley work in tech positions. a. An economist wants to test if the average hourly
3.Not all people living in the area surrounding Silicon Valley work in tech positions.
a.An economist wants to test if the average hourly wage is less than $22 for these positions. They consider a group of 50 individuals, with a sample mean of $20.21, and a sample standard deviation of $6.47.
At a 5% significance level, conduct a hypothesis test to test the economist's claim that the average hourly wage is less than $22. Show or explain your thinking.
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