The daily wages in a particular industry are normally distributed with a mean of $198 and a standard deviation of $15. Suppose a company in this industry employs 35 workers and pays them $166.50 on the average. Based on this sample mean, can these workers be viewed as payed differently from among all workers in the industry?

Find the p-value for the test.

If you planned to conduct your test using 3% significance level, what would be your test conclusions?

Conclusion:

Interpretation: