The workers of a factory claim that their weekly wage is at most $540.00, with a...
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The workers of a factory claim that their weekly wage is at most $540.00, with a standard deviation of $110.00 ( = 110). A random department of this factory with 47 workers showed a mean weekly wage of $571.50. a. Formulate a hypothesis test. b. Find the test statistic, Z*. c. Find p-value. misla svode s togyH d. Let a=0.05 and write your conclusion about the workers' claim. e. Find the 95% confidence Interval on the mean wage. f. What Excel function would you use to find the Margin of error, for part e? g. Does the confidence interval confirm your conclusion? The workers of a factory claim that their weekly wage is at most $540.00, with a standard deviation of $110.00 ( = 110). A random department of this factory with 47 workers showed a mean weekly wage of $571.50. a. Formulate a hypothesis test. b. Find the test statistic, Z*. c. Find p-value. misla svode s togyH d. Let a=0.05 and write your conclusion about the workers' claim. e. Find the 95% confidence Interval on the mean wage. f. What Excel function would you use to find the Margin of error, for part e? g. Does the confidence interval confirm your conclusion?
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