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In: Statistics and Probability

A sample of 125 workers in the Overkill Division of the Machismo Toy Factory earns an...

A sample of 125 workers in the Overkill Division of the Machismo Toy Factory earns an average of $24,375 per year. The average salary for all workers is $24,230 with a standard deviation of $523. Are workers in the Overkill Division overpaid? Conduct a one-tailed test using 95% confidence level.

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