Your answer is partially correct.According to the U.S. Bureau of Labor Statistics, all workers in America who had a bachelor's degree and were employed earned anaverage of $1233 a week in 2014. A recent sample of 388 American workers who have a bachelor's degree showed that they earn anaverage of $1240 per week. Suppose that the population standard deviation of such earnings is $137.a. Find the p-value for the test of hypothesis with the alternative hypothesis that the current mean weekly earning of Americanworkers who have a bachelor's degree is higher than $1233. Will you reject the null hypothesis at a = 0.005?Round your answer to four decimal places.p-value = i 0.8264Do not rejectZ =b. Test the hypothesis of part a using the critical-value approach and a = 0.005.Ho.Round your answer for the observed value of z to three decimal places.i 0.94

Sample size(n)=388Sample mean()=$1240Population standard deviation()=$137Population mean()=$1233and…

Answered: According to the U.S. Bureau of Labor…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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