Mathematics, 23.04.2020 14:51 dwilburn01
You work in the HR department at a large franchise. you want to test whether you have set your employee monthly allowances correctly. the population standard deviation is 150. You want to test if the monthly allowances should be increased. A random sample of 40 employees yielded a mean monthly claim of $640.
1- at the 1% significance level, test if the average monthly allowances should be greater than 500(use the 5 steps hypothesis testing procedure)
2- Confirm your answer by the p value approach.
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You work in the HR department at a large franchise. you want to test whether you have set your emplo...
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