The Eckel Manufacturing Company believes that their hourly wages follow a normal probability distribution. To confirm this,

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The Eckel Manufacturing Company believes that their hourly wages follow a normal probability distribution. To confirm this, 270 employees were sampled, organized into the following frequency distribution. Use the methods on pages 82€“83 of Chapter 3 to find the mean and standard deviation of these data grouped into a frequency distribution. At the .10 significance level, is it reasonable to conclude that the distribution of hourly wages follows a normaldistribution?
The Eckel Manufacturing Company believes that their hourly wages follow
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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