ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The average hourly wage of a sample of 150
workers in a plant 'A' was Dollar 2.56 with a
standard deviation of Dollar 1-08. The average
hourly wage of a sample of 200 workers in
plant 'B' was Dollar 2.87 with a standard
deviation of Dollar 1.28. Can an applicant
safely assume that the hourly wages paid by
plant 'B' are higher than those paid by plant 'A'?
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Transcribed Image Text:Question: The average hourly wage of a sample of 150 workers in a plant 'A' was Dollar 2.56 with a standard deviation of Dollar 1-08. The average hourly wage of a sample of 200 workers in plant 'B' was Dollar 2.87 with a standard deviation of Dollar 1.28. Can an applicant safely assume that the hourly wages paid by plant 'B' are higher than those paid by plant 'A'?
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