Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)
Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)
14th Edition
ISBN: 9780137400119
Author: MARK BERENSON, David Levine
Publisher: PEARSON+
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Chapter 6, Problem 40PS

Interns report that when deciding on where to work, career growth, salary and compensation, location and commute, and company culture and values are important factors to them. According to reports by interns to Glassdoor, the mean monthly pay of interns at intel is $ 5 , 940.

Suppose that are intern monthly pay is normally distributed, with a standard deviation of $ 400. What is the probability that the monthly pay of an intern at Intel is

a . less than  $ 5 , 900 ? b . between $ 5 , 700 and $ 6 , 100 ? c . above $ 6 , 500 ? d . Ninety-nine percent of the intern montly pays are higher than what value? e . Ninety-five percent of the intern monthly pays are between what two values, symmetrically distributed  around the mean?

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You may need to use the appropriate appendix table or technology to answer this question. You are given the following information obtained from a random sample of 4 observations. 24 48 31 57 You want to determine whether or not the mean of the population from which this sample was taken is significantly different from 49. (Assume the population is normally distributed.) (a) State the null and the alternative hypotheses. (Enter != for ≠ as needed.) H0:     Ha:     (b) Determine the test statistic. (Round your answer to three decimal places.)   (c) Determine the p-value, and at the 5% level of significance, test to determine whether or not the mean of the population is significantly different from 49. Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. Reject H0. There is insufficient evidence to conclude that the mean of the population is different from 49.Do not reject H0. There is sufficient evidence to conclude that the…

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Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)

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