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Suppose you know the population average wage in the manufacturing industry in the U.S. is $26.72 per hour. You take a survey 40 people that work in manufacturing in Spain to answer the following research question.
Research Question: Is the population average manufacturing wage in Spain less than $26.72 per hour, the population average manufacturing wage in the U.S.?
You know the population standard deviation for manufacturing wages in Spain is $2.60 per hour.
Suppose you are using a significance level of 0.01 or 1% (α = 0.01).
Suppose that the true average manufacturing wage in Spain is $25 per hour. What is the minimum
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