Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the local union president,the average income of plumbers in the Los Angeles area is $45,000 with a standard deviation of $5,000. A recent

According to the local union president,the average income of plumbers in the Los Angeles area is $45,000 with a standard deviation of $5,000. A recent investigative report conducted a survey using a simple random sample of 120 plumbers. She found that the average income was $45,520. Is it reasonable to conclude that the plumbers' income is different from $45,000? Test the hypothesis.

H0: average income

H1: average income

SEavg =

z =

p-value =

Conclusion: [ Select ] ["Reject the null hypothesis at the 5% level",

"Fail to reject the null",

"Reject the null hypothesis at the 1% level",

"Reject the null hypothesis at the 10% level"]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economic Change In Asia Implications For Corporate Strategy And Social Responsibility

Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud

1st Edition

1317286650, 9781317286653

More Books

Students also viewed these Economics questions