Answered: Problem 5.2.: The daily wage of a…

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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Question

Problem 5.2.: The daily wage of a particular industry is normally distributed with a mean of 150 pesos. In a random sample of 144 workers of a very large company in this industry, the mean daily wage was found to be 148 pesos with a standard deviation of 10 pesos. Can this company be accused of paying inferior wages (less than the usual) at α=5%?

Please Refer to Problem 5.2.:

Question: The decision rule to be used at α=5% is: “Reject Ho of tc > ttab = 66, otherwise fail to reject Ho.”

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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