In order to increase employment, France mandated that all companies with 20 or more employees reduce the workweek to 35 hours. The economic impact of this shortened workweek policy was analyzed. In the year prior to the 35-hour-workweek law, unemployment rate in France was at 12%. Suppose that in a random sample of 500 French citizens (eligible workers) taken several years after the law was enacted, 53 were unemployed. a. Please find a 90% confidence interval for French unemployment rate after the enactment of the 35-hour-workweek law. b. Conduct a test of hypothesis to determine if the French unemployment rate dropped after the enactment of the 35-hour-workweek law. Please test with 0.05 level of significance.

In order to increase employment, France mandated that all companies with 20 or more employees reduce the workweek to 35 hours. The economic impact of this shortened workweek policy was analyzed. In the year prior to the 35-hour-workweek law, unemployment rate in France was at 12%. Suppose that in a random sample of 500 French citizens (eligible workers) taken several years after the law was enacted, 53 were unemployed. a. Please find a 90% confidence interval for French unemployment rate after the enactment of the 35-hour-workweek law. b. Conduct a test of hypothesis to determine if the French unemployment rate dropped after the enactment of the 35-hour-workweek law. Please test with 0.05 level of significance.

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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