Write the Word or Phrase That Best Completes Each Statement $\$$

question 50

Short Answer

Write the word or phrase that best completes each statement or answers the question.
-A government agency believes that the median hourly wages for retail store workers in the central U.S. is $\$$ 6.85. In a random sample of 100 workers, 68 were paid less than $\$ 6.85$ , 10 were paid $\$ 6.85$ , and the rest more than $\$ 6.85$ . Test the government's hypothesis. Use $\alpha = 0.05$ .

---

Definitions:

Insolvent

The state of being unable to pay debts owed, often leading to bankruptcy proceedings.

In Transit

Describes goods or people that are in the process of being transported from one location to another.

Carrier

An entity that provides transportation services for goods or individuals, typically referring to a company or a shipper operating under specific regulatory guidelines.

Lessor

A person or entity that leases property or equipment to another under the terms of a lease agreement.