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Assume that a simple random sample has been selected from a normally distributed population and test the given claim. Use either the traditional method or P-value method as indicated.
Identify the null and alternative hypotheses, test statistic, critical value(s)or P-value (or range of P-values)as appropriate, and state the final conclusion that addresses the original claim.
A cereal company claims that the mean weight of the cereal in its packets is 14 oz. The weights (in ounces)of the cereal in a random sample of 8 of its cereal packets are listed below. Test the claim at the 0.01 significance level.
Labor Force
The total number of people aged 16 and over who are either employed or actively seeking employment.
Employed Category
A classification used in labor statistics to describe individuals who are currently employed and working.
Unemployed Category
A classification of individuals who are without a job, actively seeking work, and available to take up employment but are unable to find a job.
Unemployment Rate
The proportion of job-seekers in the labor force who do not currently hold employment.
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