Question

Hourly wages in a given industry are normally distributed normally with an average of 13.20 with a standard deviation of $ 2.50. A company in this sector employs 40 workers and pays an average wage of $ 12.20 per hour. Can this company be accused of paying for standards? α = 0.01 to display a Test it using test.

Name: hourly wages in a given industry are normally distributed normally with an average of 1320 with a standard deviation of 250 a company in this sector employs 40 workers and pays an average wa 42965
Uploaded: 2023-07-07T03:52:24-08:00
Duration: 4 min 47 s
Channel: Madhur L
Description: hourly wages in a given industry are normally distributed normally with an average of 1320 with a standard deviation of 250 a company in this sector employs 40 workers and pays an average wa 42965

          Hourly wages in a given industry are normally distributed normally with an average of 13.20 with a standard deviation of $ 2.50. A company in this sector employs 40 workers and pays an average wage of $ 12.20 per hour.
Can this company be accused of paying for standards?
α = 0.01 to display a Test it using test.

Added by John N.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Madhur L

07/07/2023

Step 1

Null hypothesis (H0): The company is not paying below the industry standards, and the average wage paid by the company is equal to or greater than the industry average wage. Alternative hypothesis (Ha): The company is paying below the industry standards, and the Show more…

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Hourly wages in a given industry are normally distributed normally with an average of 13.20 with a standard deviation of $ 2.50. A company in this sector employs 40 workers and pays an average wage of $ 12.20 per hour. Can this company be accused of paying for standards? α = 0.01 to display a Test it using test.