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Name: ) The Bureau of Labor Statistics samples show that the average insuran
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Description: ) The Bureau of Labor Statistics samples show that the average insurance cost to a company per employee per hour is $1.84 for managers and $1.99 for professional specialty workers. Suppose these average figures were obtained from 64 managers and 49 p

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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) The Bureau of Labor Statistics samples show that the average insurance cost to a company per employee per hour is $1.84 for managers and $1.99 for professional specialty workers. Suppose these average figures were obtained from 64 managers and 49 professional specialty workers and their respective population standard deviations are $0.38 and $0.51. Test to determine whether there is a significant difference in the mean hourly company expenditures for insurance for these two groups at 2% level of significance.

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