In a Left-Tailed Test, a Statistician Got a Z Test

question 73

Multiple Choice

In a left-tailed test, a statistician got a z test statistic of -1.61. What is the p-value?

• A).4292
• B).0709
• C).0537
• D).0301

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Definitions:

Minimum Wage

The lowest legal wage that employers can pay their employees, ensuring a basic standard of living.

Compensation Costs

The total of an employer's expenses for employee salaries, wages, benefits, and other forms of compensation.

Competency-Based Pay System

A salary structure that compensates employees based on the specific skills, knowledge, and abilities they bring to their roles, rather than their job title or position.

Absenteeism

The habitual non-presence of an employee at their job, which can be due to various reasons including illness, personal issues, or disengagement with work.