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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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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