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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Acme Trucking claims the average hourly salary of its mechanics is $9.25, with a standard deviation of $1.55. An employment agency researching local businesses randomly samples 81 mechanics and finds that they have an average hourly salary of $8.95. The employment agency suspects that the average salary given by Acme might be inaccurate, and the true average is lower. Use a 1% level of significance to test this theory.
Let x be a random variable representing the hourly salary of mechanics. State the null and alternative hypotheses using x to be the mean of x.
Assuming x is true, compute the test statistic for the results of the given sample.
Should you reject, or fail to reject, the null hypothesis?
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