Question
In: Statistics and Probability
A prospective employee was told she could average more than $80 a day in tips. Assume...
A prospective employee was told she could average more than $80 a day in tips. Assume the standard deviation of the population is $3.24. Over the first 35 days the employee worked the mean daily amount of her tips was $84.85. At the .01 significance level what will be the value of the critical value if we are testing to see if the true average daily amount of tips is greater than $80?
Solutions
Expert Solution
The critical value at 0.01 level of significance is
2.5758
orchestra answered 2 years agoRelated Solutions
A prospective employee was told she could average more than $80 a day in tips. Assume...
A prospective employee was told she could average more than $80
a day in tips. Assume the standard deviation of the population is
$3.24. Over the first 35 days the employee worked the mean daily
amount of her tips was $84.85. At the .01 significance level what
will be the value of the critical value if we are testing to see if
the true average daily amount of tips is greater than $80?
A prospective employee was told she could average more than $80 a day in tips. Assume...
A prospective employee was told she could average more than $80
a day in tips. Assume the standard deviation of the population is
$3.24. Over the first 35 days the employee worked the mean daily
amount of her tips was $84.85. At the .01 significance level what
will be the value of the critical value if we are testing to see if
the true average daily amount of tips is greater than $80?
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