The hourly wages in a particular industry are normally distributed with mean $13.20 and standarddeviation $2.50. A company in this industry employs 40 workers, paying them an average of $12.20per hour. Can this company be accused of paying substandard wages? Use an a = 0.01 level test.

The mean hourly wage is μ=$13.20, the standard deviation is σ=$2.5. Total number of worker n=40…

Answered: The hourly wages in a particular…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The hourly wages in a particular industry are normally distributed with mean $13.20 and standard deviation $2.50. A company in this industry employs 40 workers, paying them an average of $12.20 per hour. Can this company be accused of paying substandard wages? Use an a = 0.01 level test.