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Question: Business and Management Researchers studying the European Union have suggested that small variability in minimum wage among countries leads to more economic stability and growth. A random sample of European countries was obtained and the minimum wage (in euros) was recorded for each.
a. Is there any evidence to suggest that the standard deviation in minimum wage is greater than 400 euros? Assume normality and use a = 0.05.
b. Find bounds on the p value associated with this hypothesis test.
athe manager hires you to analyze the data she collects and the results for the above questions are as
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The National Center for Health Statistics reported that of every 883 deaths in recent years, 24 resulted from an automobile accident, 182 from cancer and 333 from heart disease. What is the probability that a particular death is due to an automobi..
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You then sort by random numbers in ascending order. Finally, you take the first 50 sorted employees as your sample. Does this approach constitute a statistical or a nonstatistical sample?
question suppose we analyzed the effect of grade point averages on grades in a specific class and found the results to
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