wage för employees in goods-produci (Bureau of Labor Statistics website, April, 12, 2012). employees from the manufacturing industry to see if the the reported mean of $24.57 for the goods-producing ind State the null and alternative hypotheses we should u mean hourly wage in the manufacturing industry di hourly wage in the goods-producing industries a.

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ice, what is your conclusion?
17. The mean hourly wage for employees in goods-producing industries is currently $24.57.
(Bureau of Labor Statistics website, April, 12, 2012). Suppose we take a sample of
employees from the manufacturing industry to see if the mean hourly wage differs from
the reported mean of $24.57 for the goods-producing industries.
State the null and alternative hypotheses we should use to test whether the population
mean hourly wage in the manufacturing industry differs from the population mean
hourly wage in the goods-producing industries.
b. Suppose a sample of 30 employees from the manufacturing industry showed a sampe
mean of $23.89 per hour. Assume a population standard deviation of $2.40 per noi
and compute the p-value.
With a = .05 as the level of significance, what is your conclusion?
d. Repeat the preceding hypothesis test using the critical value approach.
a.
с.
18. Young millennials, adults aged 18 to 34, are viewed as the futu
at indus-
2011
Transcribed Image Text:ice, what is your conclusion? 17. The mean hourly wage for employees in goods-producing industries is currently $24.57. (Bureau of Labor Statistics website, April, 12, 2012). Suppose we take a sample of employees from the manufacturing industry to see if the mean hourly wage differs from the reported mean of $24.57 for the goods-producing industries. State the null and alternative hypotheses we should use to test whether the population mean hourly wage in the manufacturing industry differs from the population mean hourly wage in the goods-producing industries. b. Suppose a sample of 30 employees from the manufacturing industry showed a sampe mean of $23.89 per hour. Assume a population standard deviation of $2.40 per noi and compute the p-value. With a = .05 as the level of significance, what is your conclusion? d. Repeat the preceding hypothesis test using the critical value approach. a. с. 18. Young millennials, adults aged 18 to 34, are viewed as the futu at indus- 2011
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