According to a survey, the average monthly income of minimum wage earners is P17,000 with the standard deviation of the population at P6,245.00. Labors groups think that the actual average income of minimum wage earners is less than the pubished amount. Taking a random sample of 15 workers, it was found that their average income is P14,375. Test the claim at 5% significance level. The test should be used is (z-test or t-test) Blank 1 The test statistic is Blank 2 while the p-value is Blank 3 Input answers in TWO (2) decimal places include the negative (-) symbol if necessary. (i.e. #.##) Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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According to a survey, the average monthly income of minimum wage earners is P17,000
with the standard deviation of the population at P6,245.00. Labors groups think that the
actual average income of minimum wage earners is less than the pubished amount.
Taking a random sample of 15 workers, it was found that their average income is P14,375.
Test the claim at 5% significance level.
The test should be used is (z-test or t-test) Blank 1
The test statistic is Blank 2 while the p-value is Blank 3
Input answers in TWO (2) decimal places include the negative (-) symbol if necessary.
(i.e. #.##)
Blank 1 Add your answer
Blank 2
Add your answer
Blank 3 Add your answer
Transcribed Image Text:According to a survey, the average monthly income of minimum wage earners is P17,000 with the standard deviation of the population at P6,245.00. Labors groups think that the actual average income of minimum wage earners is less than the pubished amount. Taking a random sample of 15 workers, it was found that their average income is P14,375. Test the claim at 5% significance level. The test should be used is (z-test or t-test) Blank 1 The test statistic is Blank 2 while the p-value is Blank 3 Input answers in TWO (2) decimal places include the negative (-) symbol if necessary. (i.e. #.##) Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer
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