Solution-Conduct a hypothesis using test statistic method

Conduct a hypothesis using test statistic method

Reference no: EM132858177

Suppose a large manufacturing company is concerned that it offered salaries that were too high during the tight labor market of 2018-2019. The HR department obtained a random sample of 100 employees who were hired during this time period. In the sample, the average employee had a salary of $52,000. Assume you do not know the actual population mean, but you do know that the population standard deviation is equal to $10,000. Using a significance level of 0.05, answer the questions:

#1-Is there enough evidence to suggest that the average salary differed from $50,000? Conduct a hypothesis using the test statistic method and interpret your result.

#2- Redo the test using the p-value method.

Reference no: EM132858177

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Conduct a hypothesis using test statistic method

Reference no: EM132858177

Reference no: EM132858177

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