MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Please assist this problem involving hypothesis testing.
HYPOTHESIS TESTING
A WORKED EXAMPLE: ONE-SAMPLE TEST
Example: Minimum wage
Suppose we're interested in determining whether fast
food workers receive wages that are above the minimum
wage of $7.25/hour. We collect a sample of 64 fast food
workers and, from the sample, compute an average wage
of $8.00/hour and a standard deviation of $.30/hour.
Can we reject the hypothesis that fast food workers are
paid the minimum wage in favor of the hypothesis that
they are paid more than the minimum wage?
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Transcribed Image Text:HYPOTHESIS TESTING A WORKED EXAMPLE: ONE-SAMPLE TEST Example: Minimum wage Suppose we're interested in determining whether fast food workers receive wages that are above the minimum wage of $7.25/hour. We collect a sample of 64 fast food workers and, from the sample, compute an average wage of $8.00/hour and a standard deviation of $.30/hour. Can we reject the hypothesis that fast food workers are paid the minimum wage in favor of the hypothesis that they are paid more than the minimum wage?
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