Choose the One Alternative That Best Completes the Statement or Answers

question 55

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A government agency believes that the median hourly wages for retail store workers in the central U.S. is $\$ 6.90$ . In a random sample of 100 workers, 68 were paid less than $\$ 6.90,10$ were paid $\$ 6.90$ , and the rest more than $\$$ 6.90. Find the test statistic $z$ to test the government's hypothesis. Use $\alpha = 0.05$ .

• A) \(- 4.743\)
• B) -3.912
• C) \(- 3.187\)
• D) \(- 2.386\)

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Definitions:

Altruism

The thesis that one ought to act for the sake of the interests of others, rather than one’s own interests alone. See also ethical altruism; psychological altruism.

Luxury of Time

Refers to the privilege or condition of having ample time to pursue activities outside of basic survival needs or obligations.

Ecclesiastes

A book of the Hebrew Bible and the Christian Old Testament, reflecting on the meaning of life and the best way to live.

Vanity and Vexation of Spirit

An expression referring to the pursuit of goals that do not result in satisfaction, derived from Ecclesiastes in the Bible, highlighting the futility of human endeavors.