A private bank shows a daily average salary of employees is Rs. 50,032and a standard deviation Rs.
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Question:
A private bank shows a daily average salary of employees is Rs. 50,032and a standard deviation Rs. 5032 in a random sample of 3,032 private banks in Pakistan. Verify that bank’s claims that average exceeds Rs. 5,532 at the 0.05 level with this information.
Related Book For
An Introduction to Statistical Methods and Data Analysis
ISBN: 978-1305269477
7th edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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