Grandpa reminisced that the 1968 minimum wage, adjusted for inflation, was at most $10.86. His grandson...

Grandpa reminisced that the 1968 minimum wage, adjusted for inflation, was at most $10.86. His grandson respectfully disagreed with that estimate and wants to show Grandpa that the minimum wage was more than that. H0:p≤$10.86; Ha:p>$10.86. Identify the type of hypothesis test.

Expert Solution

His grandson respectfully disagreed with that estimate and wants to show Grandpa that the minimum wage was more than that. H0:p≤$10.86; Ha:p>$10.86.

This is Right tailed test for population proportion(p)

Reason-

As in right tailed test

Ha:parameter>value...

so the inequality points to the right

orchestra answered 2 years ago

Grandpa reminisced that the 1968 minimum wage, adjusted for inflation, was at most $10.86. His grandson...

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Grandpa reminisced that the 1968 minimum wage, adjusted for inflation, was at most $10.86. His grandson...

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Grandpa reminisced that the 1968 minimum wage, adjusted for inflation, was at most $10.86. His grandson...

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Discuss how CPI can be used to compare minimum wage increases to inflation?

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