9.26 According to the U.S. Bureau of Labor Statistics, all workers in America who had a bachelor's degree and were employed earned an average of $1 224 a week in 2014. A recent sample of 400 American workers who have a bachelor's degree showed that they earn an aver- age of $1260 per tion of such earnings is $160. a. Find the p-value for the test of hypothesis with the alternative hypothesis that the current mean weekly earning of American workers who have a bachelor's degree is higher than $1224 Will you reject the null hypothesis at a .025? b. Test the hypothesis of part a using the critical-value approach and α week. Suppose that the population standard devia- 025

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9.26 According to the U.S. Bureau of Labor Statistics, all workers in
America who had a bachelor's degree and were employed earned an
average of $1 224 a week in 2014. A recent sample of 400 American
workers who have a bachelor's degree showed that they earn an aver-
age of $1260 per
tion of such earnings is $160.
a. Find the p-value for the test of hypothesis with the alternative
hypothesis that the current mean weekly earning of American
workers who have a bachelor's degree is higher than $1224
Will you reject the null hypothesis at a .025?
b. Test the hypothesis of part a using the critical-value approach
and α
week. Suppose that the population standard devia-
025
Transcribed Image Text:9.26 According to the U.S. Bureau of Labor Statistics, all workers in America who had a bachelor's degree and were employed earned an average of $1 224 a week in 2014. A recent sample of 400 American workers who have a bachelor's degree showed that they earn an aver- age of $1260 per tion of such earnings is $160. a. Find the p-value for the test of hypothesis with the alternative hypothesis that the current mean weekly earning of American workers who have a bachelor's degree is higher than $1224 Will you reject the null hypothesis at a .025? b. Test the hypothesis of part a using the critical-value approach and α week. Suppose that the population standard devia- 025
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