Solve the Problem $\begin{array} { l l l l l l } \$ 542.27 & \$ 383.77 & \$ 172.37 & \$ 547.20 & \$ 200.49 \end{array}$

question 105

Multiple Choice

Solve the problem.
-Frank's Furniture employees earned the following amounts last week: $\begin{array} { l l l l l l } \$ 542.27 & \$ 383.77 & \$ 172.37 & \$ 547.20 & \$ 200.49 \end{array}$
$\begin{array} { l l l l } \$ 461.29 & \$ 261.33 & \$ 467.24 & \$ 205.97 \end{array}$ What was the mean amount earned by an employee last week? Round your answer to the nearest cent.

• A)$405.24
• B)$360.21
• C)$353.55
• D)$463.13

Understand the different types of data (nominal, ordinal, interval) and their characteristics.

Identify the foundational principles of hypothesis testing, including rejection of null hypotheses.

Recognize inferential statistics and their purpose in drawing conclusions from sample data.

Understand the concepts and implications of Type I and Type II errors in hypothesis testing.

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