Actice find their mean wage to be $14.50/ hour. Assume that it is known that wages are normally distributed with a true standard deviation of $5.00. Researchers studying wages in New York State survey 150 fast food workers and a) Find a 99% lower confidence bound for the true mean hourly wages for fast food workers in New York State. b) Perform a hypothesis test of Ho:µ = 15 vs. Ha:µ + 15. with a = .1. What is your conclusion?

Actice find their mean wage to be $14.50/ hour. Assume that it is known that wages are normally distributed with a true standard deviation of $5.00. Researchers studying wages in New York State survey 150 fast food workers and a) Find a 99% lower confidence bound for the true mean hourly wages for fast food workers in New York State. b) Perform a hypothesis test of Ho:µ = 15 vs. Ha:µ + 15. with a = .1. What is your conclusion?

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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