Solution-Mean age of all employees

Mean age of all employees

Assignment Help Basic Statistics

Reference no: EM131115823

In the past, the average age of employees of a large corporation has been 40 years. Recently, the company has been hiring older individuals. In order to determine whether there has been an increase in the average age of all the employees, a sample of 64 employees was selected. The average age in the sample was 45 years with a standard deviation of 16 years. Let α = .05.

Using the p-value approach, test to determine whether or not the mean age of all employees is significantly more than 40 years.

Show answers using excel functions to solve.

Reference no: EM131115823

Questions Cloud

Why are these factors important : Why are these factors important? How do these factors influence or affect the organizational behaviour of a firm?

What is the argument for putting restraints : What is the argument for putting restraints on what actions/legislations public policy makers and politicians can make by a balanced budget amendment, except during a recession?

What are accrued liabilities : What are the essential characteristics that make an item a liability? What is the theoretically correct way to value liabilities how are current liabilities usually valued?

Firm should continue to hire more workers as long as wages : A firm should continue to hire more workers as long as wages are low.” Do you agree or disagree? Why? A union could raise wages without causing unemployment of union members if it can increase demand for union labor. How might this goal be achieved?

Mean age of all employees : Using the p-value approach, test to determine whether or not the mean age of all employees is significantly more than 40 years.

Number of pages that each book contains : Assume you have noted the following prices for paperback books and the number of pages that each book contains.

Cause of cyclical unemployment : In the short - run macro model, which of the following is the cause of cyclical unemployment?

Why certain employers would receive affirmative action plan : Explain why certain employers would receive an affirmative action plans. Explain the actions that must be taken by employers who receive an affirmative action plan.

Why there is no pure strategy nash equilibrium in game : Consider the horizontal quality model on the unit interval from 0 to 1. There are Nconsumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 to 1. Consumers will buy one unit of the good fro..

User Account

All Pages

Mean age of all employees

Reference no: EM131115823

Reference no: EM131115823

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT