According to a union agreement, the mean income for all senior-level workers in a large service company
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According to a union agreement, the mean income for all senior-level workers in a large service company equals $500 per week. A representative of a women’s group decides to analyze whether the mean income μ for female employees matches this norm. For a random sample of nine female employees, ¯y = $410 and s = 90.
(a) Test whether the mean income of female employees differs from $500 per week. Include assumptions, hypotheses, test statistic, and P-value. Interpret the result.
(b) Report the P-value for Ha:μ < 500. Interpret.
(c) Report and interpret the P-value for Ha: μ > 500.
(Hint: The P-values for the two possible one-sided tests must sum to 1.)
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