Modern Business Statistics with Microsoft Excel (MindTap Course List)
Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
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Chapter 9.3, Problem 17E

The mean hourly wage for employees in goods-producing industries is $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.

  1. a. 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.
  2. b. Suppose a sample of 30 employees from the manufacturing industry showed a sample mean of $23.89 per hour. Assume a population standard deviation of $2.40 per hour and compute the p-value.
  3. c. With α = .05 as the level of significance, what is your conclusion?
  4. d. Repeat the preceding hypothesis test using the critical value approach.
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Chapter 9 Solutions

Modern Business Statistics with Microsoft Excel (MindTap Course List)

Ch. 9.3 - Consider the following hypothesis test: A sample...Ch. 9.3 - Prob. 12ECh. 9.3 - Prob. 13ECh. 9.3 - Prob. 14ECh. 9.3 - Federal Tax Returns. According to the IRS,...Ch. 9.3 - In a study entitled How Undergraduate Students Use...Ch. 9.3 - The mean hourly wage for employees in...Ch. 9.3 - Young millennials, adults aged 18 to 34, are...Ch. 9.3 - The Internal Revenue Service (IRS) provides a...Ch. 9.3 - Prescription Drug Costs. Annual expenditure for...Ch. 9.3 - Cost of Telephone Surveys. Fowle Marketing...Ch. 9.3 - Time in Supermarket Checkout Lines. CCN and...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Prob. 26ECh. 9.4 - Which is cheaper: eating out or dining in? The...Ch. 9.4 - CEO Tenure. A shareholders’ group, in lodging a...Ch. 9.4 - The national mean annual salary for a school...Ch. 9.4 - Time in Child Care. The time married men with...Ch. 9.4 - Prob. 31ECh. 9.4 - Used Car Prices. According to the National...Ch. 9.4 - Prob. 33ECh. 9.4 - Prob. 34ECh. 9.5 - Consider the following hypothesis test: A sample...Ch. 9.5 - Prob. 36ECh. 9.5 - Prob. 37ECh. 9.5 - Attitudes toward Supermarket Brands. A study by...Ch. 9.5 - Prob. 39ECh. 9.5 - Prob. 40ECh. 9.5 - Ten years ago 53% of American families owned...Ch. 9.5 - Returned Merchandise. According to the University...Ch. 9.5 - Prob. 43ECh. 9.5 - Prob. 44ECh. 9.5 - The American Association of Individual Investors...Ch. 9 - Production Line Fill Weights. A production line...Ch. 9 - Scholarship Examination Scores. At Western...Ch. 9 - Exposure to Background Television. CNN reports...Ch. 9 - Prob. 49SECh. 9 - Prob. 50SECh. 9 - Prob. 51SECh. 9 - Prob. 52SECh. 9 - In Hamilton County, Ohio, the mean number of days...Ch. 9 - Prob. 54SECh. 9 - Prob. 55SECh. 9 - Prob. 56SECh. 9 - The unemployment rate for 18- to 34-year-olds was...Ch. 9 - Prob. 58SECh. 9 - In recent years more people have been working past...Ch. 9 - Case Problem 1 Quality Associates, Inc. Quality...Ch. 9 - Case problem 2 Ethical Behavior of Business...
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