Examlex

Solved

The Mean Gross Annual Incomes of Certified Tack Welders Are

question 83

Multiple Choice

The mean gross annual incomes of certified tack welders are normally distributed with the mean of $50,000 and a standard deviation of $4,000. The ship building association wishes to find out whether their tack welders earn more or less than $50,000 annually. The alternate hypothesis is that the mean is not $50,000. When tested at the 99% level, these are the results found with megastat: The mean gross annual incomes of certified tack welders are normally distributed with the mean of $50,000 and a standard deviation of $4,000. The ship building association wishes to find out whether their tack welders earn more or less than $50,000 annually. The alternate hypothesis is that the mean is not $50,000. When tested at the 99% level, these are the results found with megastat:   A)  Since the p-value is 0.43 at this level of testing, there is insufficient evidence to say that the welders earn an income different from $50,000. B)  Since the p-value is 0.43 at this level of testing, there is sufficient evidence to say that the welders earn more than $50,000. C)  The p-value of 0.043 indicates that there is sufficient evidence to say that the welders earn more than $50,000.


Definitions:

Alternative Hypothesis

In hypothesis testing, the hypothesis that proposes a difference or relationship exists between two variables, as opposed to the null hypothesis.

Commute By Car

The act of traveling from home to work or another destination using a car.

Employee Commuting

The daily travel of employees between their places of residence and the workplace.

Random Sample

A subset of individuals chosen from a larger set, or population, where each individual has an equal probability of being selected.

Related Questions