The Daily Wages in a Particular Industry Are Normally Distributed

question 46

Essay

The daily wages in a particular industry are normally distributed with a mean of $60 and a standard deviation of $13. Suppose a company in this industry employs 50 workers and pays them $57.50 on the average. Based on this sample mean, can these workers be viewed as a random sample from among all workers in the industry?
Find the p-value for the test.
Test statistic = ______________
p-value = ______________
If you planned to conduct your test using , what would be your test conclusions?
Conclusion: ______________
Interpretation: __________________________________________

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Definitions:

Flat Tax Rate

A tax system with a constant rate applied to all taxpayers, regardless of their income bracket, as opposed to a progressive tax system.

Condensed Form

A shortened or simplified version of something, especially a text or speech.

Main Ideas

The central or most important points of a text or discussion which everything else revolves around or supports.

Strenuous Exercise

Physical activity that requires significant effort and intensity, often leading to improvements in fitness and endurance.