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HYPOTHESIS TESTING A WORKED EXAMPLE: ONE-SAMPLE TEST Example: Minimum wage Suppose we're interested in determining whether fast food workers receive wages that are above the minimum wage of $7.25/hour. We collect a sample of 64 fast food workers and, from the sample, compute an average wage of $8.00/hour and a standard deviation of $.30/hour. Can we reject the hypothesis that fast food workers are paid the minimum wage in favor of the hypothesis that they are paid more than the minimum wage?

HYPOTHESIS TESTING A WORKED EXAMPLE: ONE-SAMPLE TEST Example: Minimum wage Suppose we're interested in determining whether fast food workers receive wages that are above the minimum wage of $7.25/hour. We collect a sample of 64 fast food workers and, from the sample, compute an average wage of $8.00/hour and a standard deviation of $.30/hour. Can we reject the hypothesis that fast food workers are paid the minimum wage in favor of the hypothesis that they are paid more than the minimum wage?

MATLAB: An Introduction with Applications
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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Please assist this problem involving hypothesis testing.
HYPOTHESIS TESTING A WORKED EXAMPLE: ONE-SAMPLE TEST Example: Minimum wage Suppose we're interested in determining whether fast food workers receive wages that are above the minimum wage of $7.25/hour. We collect a sample of 64 fast food workers and, from the sample, compute an average wage of $8.00/hour and a standard deviation of $.30/hour. Can we reject the hypothesis that fast food workers are paid the minimum wage in favor of the hypothesis that they are paid more than the minimum wage?
Transcribed Image Text:HYPOTHESIS TESTING A WORKED EXAMPLE: ONE-SAMPLE TEST Example: Minimum wage Suppose we're interested in determining whether fast food workers receive wages that are above the minimum wage of $7.25/hour. We collect a sample of 64 fast food workers and, from the sample, compute an average wage of $8.00/hour and a standard deviation of $.30/hour. Can we reject the hypothesis that fast food workers are paid the minimum wage in favor of the hypothesis that they are paid more than the minimum wage?
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