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Historically, a certain region has experienced 65 thunder days annually. (A "thunder day" is day on which at least one instance of thunder is audible to a normal human ear) . Over the past eleven years, the mean number of thunder days is 55 with a standard deviation of 20. Can you conclude that the mean number of thunder days is less than 65 ? Use the level of significance.
Differences In Work Preferences
Differences in work preferences refer to the variation among individuals in terms of the type of work, work environment, hours, and conditions they find most satisfying or acceptable.
Income Distribution
Refers to the way in which total income is shared among the population or different groups within a society.
Income Mobility
The ability of individuals or households to move up or down the income distribution over a period of time.
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