Wages and salaries make up only part of a total compensation. Other parts include paid leave, health insurance, and many others. In 2007, wages and salaries among manufacturers in the United States made up an average of 65.8% of total compensation. To determine if this changed in 2008 a random sample of manufacturing employees was drawn. Can we infer that percentage of total compensation for wages and salaries increased between 2007 and 2008? Use a 5% significance level.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Percentage
66.34
66.30
66.02
68.52
66.58
66.71
67.69
67.09
67.05
64.55
69.11
65.62
65.97
65.82
63.54
63.57
65.05
65.17
64.67
64.54
65.97
68.80
64.49
69.19
67.58
67.83
64.92
67.93
63.23
66.58
68.83
65.95
65.89
74.26
66.95
70.38
67.41
67.11
68.92
63.09
63.91
67.04
65.69
61.95
67.14
64.18
68.40
66.73
67.37
67.78
60.64
68.18
65.18
66.07
68.12
65.76
66.69
62.79
66.24
71.20
64.45
66.63
67.09
66.73
66.04
66.70
68.47
69.18
65.51
66.05
67.85
62.77
64.67
66.43
63.89
68.29
64.92
62.39
63.66
68.43
61.83
68.06
64.99
68.17
67.70
66.30
67.21
62.56
64.77
67.51
64.93
65.44
68.37
68.58
65.18
65.82
64.94
67.73
68.58
65.88
66.17
68.19
64.47
65.59

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Wages and salaries make up only part of a total compensation. Other parts include paid
leave, health insurance, and many others. In 2007, wages and salaries among manufacturers in the
United States made up an average of 65.8% of total compensation. To determine if this changed in
2008 a random sample of manufacturing employees was drawn. Can we infer that percentage of total
compensation for wages and salaries increased between 2007 and 2008? Use a 5% significance level.
Transcribed Image Text:Wages and salaries make up only part of a total compensation. Other parts include paid leave, health insurance, and many others. In 2007, wages and salaries among manufacturers in the United States made up an average of 65.8% of total compensation. To determine if this changed in 2008 a random sample of manufacturing employees was drawn. Can we infer that percentage of total compensation for wages and salaries increased between 2007 and 2008? Use a 5% significance level.
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