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The mean annual incomes of certified welders are normally distributed with the mean of 50,000 and a population standard deviation ot $2,000. The ship building
The mean annual incomes of certified welders are normally distributed with the mean of 50,000 and a population standard deviation ot $2,000. The ship building association wishes to find out whether their welders earn more than $50,000 annually. A sample of 100 welders is taken and the mean annual income of the sample $50,350 f the level of significance is 0.05. what conclusion should be drawn ?
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