(Answered) 1 last year the us mean hourly rate was 1245 in april of

Management Studies

1. Last year, the U.S. mean hourly rate was $12.45. In April of this year, a sample of 50 workers showed an average hourly rate of $13.76 with a standard deviation of $3.01. Use a = .05. Would you conclude that hourly rates this year are higher than last year rates? Choose the appropriate hypothesis:

a) Ho: Mu ≤ $13.76 Ha: Mu > $13.76

b) Ho: Mu > $12.45 Ha: Mu ≤ $12.45

c) Ho: Mu ≤ $12.45 Ha: Mu > $12.45

d) Ho: Mu > $13.76 Ha: Mu ≤ $13.76

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92569290
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

How do you think socratic method works and why do you think

How do you think socratic method works and why do you think it works? When a broad social issue-individual rights, environmental pollution, or child custody-intrudes into our lives and moves from the abstract to the pers ...

Read the siemens case study located in the section titled

Read the Siemens case study located in the section titled Case Studies in your textbook concerning the following situation: Siemens is a leading global electrical engineering and electronics firm headquartered in Munich, ...

There are many different types of teamsgroups pick one type

There are many different types of teams/groups. Pick one type that you have been involved in and describe the team/group and your experience within it. Discuss the various dynamics based on the new knowledge you gained t ...

What is transformational leadership what are its

What is transformational leadership; what are its characteristics and are there cautions that should be aware of?

Give an example of a merger or acquisition where technology

Give an example of a merger or acquisition where technology contributed to its failure to produce desired outcomes. What reasons caused the failure? What actions might have helped ensure success?

What are some examples of marketing activities that are

What are some examples of "marketing" activities that are associated with the Summer Olympics? How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in ...

Six customers enter a three-floor restaurant each customer

Six customers enter a three-floor restaurant. Each customer decides on which floor to have dinner. Assume that the decisions of different customers are independent, and that for each customer, each floor is equally likel ...

What is the binary representation of the decimal number

What is the binary representation of the decimal number 4.875 assuming the IEE 754 single precision format?

Challenge problem amp chapter 8 problem 6 parts a b and c i

Challenge problem. AMP Chapter 8 problem 6, parts a), b) and c). I would do part c) before part b). The Egserk Catering Company manages a moderate-sized luncheon cafeteria featuring prompt service, delectable cuisine, an ...

Examine three barriers that you believe represent the most

Examine three barriers that you believe represent the most significant obstacles to an effective competitor analysis. Propose a strategy to overcome each of the three barriers that you have identified. From the e-Activit ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert