An economist wants to test whether the median hourly wage is less than $22. a. Specify the

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An economist wants to test whether the median hourly wage is less than $22.

a. Specify the competing hypotheses for the test.

b. At the 5% significance level, what is the decision rule? Assume the normal approximation for T.

c. Using the Wage data, calculate the value of the test statistic.

d. At the 5% significance level, can you conclude that the median hourly wage is less than $22?

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Business Statistics Communicating With Numbers

ISBN: 9780078020551

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Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Dec 20, 2016 10:07 AM

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An economist wants to test whether the median hourly wage is less than $22. a. Specify the

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a The competing hypotheses are b With ...View the full answer

Business Statistics Communicating With Numbers

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