Can this company be accused of paying substandard wages use

Reference no: EM13638954

The hourly wages in a particular industry are normally distributed with mean $13.20 and standard deviation $2.50. A company in this industry employs 40 workers, paying them an average of $12.20 per hour. Can this company be accused of paying substandard wages? Use alpha = 0.01 level test. Calculate the p-value. Does it suggest the same as your HT?

Please show all work.

Reference no: EM13638954

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