A large company reports that its employees have an average salary of $75,000 per year. You only have access to 100 employee salaries from the company. The average salary of the 100 employees is $60,000 with a standard deviation of $5,000. At the 5% significance level use a two-tailed test on the null hypothesis.
A large company reports that its employees have an average salary of $75,000 per year. You only have access to 100 employee salaries from the company. The average salary of the 100 employees is $60,000 with a standard deviation of $5,000. At the 5% significance level use a two-tailed test on the null hypothesis.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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Give 24: give the p-value.
Transcribed Image Text:A large company reports that its employees have an average
salary of $75,000 per year. You only have access to 100
employee salaries from the company. The average salary of the
100 employees is $60,000 with a standard deviation of
$5,000. At the 5% significance level use a two-tailed test on
the null hypothesis.
Transcribed Image Text:Give the p-value.
O Approximately O
1.96
-1.96
-30
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