The average hourly wage of a sample of 150 workers in a plant 'A' was Dollar 2.56 with a standard deviation of Dollar 1-08. The average hourly wage of a sample of 200 workers in plant 'B' was Dollar 2.87 with a standard deviation of Dollar 1.28. Can an applicant safely assume that the hourly wages paid by plant 'B' are higher than those paid by plant 'A'?

The average hourly wage of a sample of 150 workers in a plant 'A' was Dollar 2.56 with a standard deviation of Dollar 1-08. The average hourly wage of a sample of 200 workers in plant 'B' was Dollar 2.87 with a standard deviation of Dollar 1.28. Can an applicant safely assume that the hourly wages paid by plant 'B' are higher than those paid by plant 'A'?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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