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.
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
Section: Chapter Questions
Problem 1P
Related questions
Question
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 |
Above is the excel data and use excel to solve with explanation and write a conclusion at the end, thanks

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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