User Account

All Pages

Difference between the mean wage levels

Assignment Help Basic Statistics
Reference no: EM13948148

Wage negotiations between your firm and the union representing your workers are about to collapse. There is considerable disagreement about the mean wage level of workers in Plant A and in Plant B. Wages wee set by the old labor agreement reached three years ago and are based strictly on seniority. Although wages are closely controlled by the labor contract, it may not be possible to assume that the variation in wages is the same at both A and B. Furthermore, it is felt that there is a difference between the mean wage levels due to differing patterns of seniority. Managements head labor negotiator want you to develop confidence intervals to estimate the

a. degree of variability in wages, and

b. difference between the mean wage levels

If a difference exists in the means, wage adjustments must be made to bring the lower wages up to the level of the higher ones. Given the sample data on hourly pay below, what adjustments are called for? This is a very sensitive issue, and the managements head labor negotiator feels you can tolerate only one percent probability of error.

Plant number of employees, average pay per hour Standard deviation

A 25 $22.53 $9.60
B 21 $15.50 $9.33

Reference no: EM13948148

Questions Cloud

Bjectives for the company opting for an erp system : Identify and critically discuss the objectives for the company opting for an ERP system and critically argue if this has been the right decision.
Identify what forms of discrimination it expressly prohibits : Appraise the level of racial, ethnic, and cultural diversity in the organization, particularly in relation to Title VII of the Civil Rights Act of 1964, and identify what forms of discrimination it expressly prohibits
Compute the mass fractions of a ferrite : Compute the mass fractions of a ferrite and cementite in pearlite. What is the distinction between hypoeutectoid and hypereutectoid steels?
Write and execute a query whose passwords have expired : Write and execute a query that lists users whose passwords have expired or whole accounts are locked.
Difference between the mean wage levels : If a difference exists in the means, wage adjustments must be made to bring the lower wages up to the level of the higher ones. Given the sample data on hourly pay below, what adjustments are called for?
The new york times the washington post : The New York Times, the Washington Post, and the Dallas Morning news?
Part of the development process is outsourced : Consider outsourcing: It is many times the case that at least part of the development process is outsourced. In fact, project leaders today must be capable of handling geographically diverse teams as well as timeline and resource constraints. Outsour..
Find an expression for the correlation of xy and y : Let X and Y be independent random variables with mean j and k and variances m^2 and n^2. Find an expression for the correlation of XY and Y in terms of these means and variances.
Create an index used for this query.save your sql in a file : Create an index that will be used for this query and therefore speed up its response time. Save your SQL in a file.

Reviews

Write a Review

Basic Statistics Questions & Answers

  The mean is always the best measure of central tendency to

the mean is always the best measure of central tendency to use.truefalseif you use a simple random sample then your

  A company is develoing a new golf ball the overall distance

a company is develoing a new golf ball. the overall distance is approximately normally distributed and has a standard

  Probability of completing assignment

Dr. Stallter has been teaching basic statistics for many years. She knows that 80 percent of the students will complete the assigned problems.

  Political strategist belief warranted

A political strategist believes that less than 55% of voters in a certain state support a particular issue. He then commisions a poll of 500 voters and 54% of them support this issue. If = .05, is the political strategist's belief warranted?

  Peas are generated from parents having the greenyellow pair

peas are generated from parents having the greenyellow pair of genes so there is a .75 probability that an individual

  Expected net revenues and evpi

The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code.

  Mean life for shipment of lightbulbs

The quality-control manager at a light bulb factory needs to determine whether the mean life of a large shipment of light bulbs is equal to 375 hours. The population standard deviation is 100 hours.

  What is the probability it fails to detect an under filled

1. an automated weight monitor can detect under filled cans of beverages with probability 0.98. what is the

  Almost all of the acidity of soda pop comes from the

almost all of the acidity of soda pop comes from the phosphoric acid which is added to give them a sharper flavor. the

  If 08 of the fuses delivered to an arsenal are defective

if 0.8 of the fuses delivered to an arsenal are defective use the poisson approximation to determine the probability

  Te scores on an exam are normally distributed with micro

question the scores on an exam are normally distributed with micro 30 and s 7. show your working.a what percent of

  Create the 5-step hypothesis test for particular claim

Develop the 5-Step Hypothesis Test for a particular claim related to your work or life environment. (This should be a test of one-sample mean or one-sample proportion.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd