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The national association of colleges and employer

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4) The National Association of Colleges and Employers (NACE) would like to test the hypothesis that the average hourly wage for recent college graduates is less than $20. A random sample of 24 recent college graduates averaged $19.30 per hour with a standard deviation of $3.20 per hour. NACE would like to set α = 0.10. Use the p-value approach to test this hypothesis.

Reference no: EM13532981

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