Use the following table to determine whether or not there is a significant difference between the average hourly wages at two manufacturing companies. Assume a level of significance of 0.05.Manufacturer 1Manufacturer 2n1 = 81n2 = 64X̄1 = 15.80X̄2 =15.00σ1 = 3.00σ2 =2.25What conclusion should we draw based on the sample evidence? Fail to reject the null hypothesis and conclude the means are equal.Reject the null hypothesis and conclude the means are different.Reject the alternate hypothesis a
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Use the following table to determine whether or not there is a significant difference between the average hourly wages at two manufacturing companies. Assume a level of
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SOLVED: Assume that the significance level is α=0.1.Use the given information to find the P-value and thecritical value(s).The test statistic of z=−0.89 is obtained when testing the claimthat p<0.1.
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SOLVED: Assume that the significance level is α=0.1.Use the given information to find the P-value and thecritical value(s).The test statistic of z=−0.89 is obtained when testing the claimthat p<0.1.
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