Answer:
Kindly check explanation
Step-by-step explanation:
Given that:
Population Mean wage (m) = $24.57
a. State the null hypotheses we should use to test whether the population mean hourly wage in the manufacturing industry differs from the population mean hourly wage in the goods-producing industries.
The Null hypothesis : μ = 24.57
1 State the alternative hypotheses we should use to test whether the population mean hourly wage in the manufacturing industry differs from the population mean hourly wage in the goods-producing industries.
Alternative hypothesis : μ ≠ 24.57
1 b. Suppose a sample of 30 employees from the manufacturing industry showed a sample mean of $23.89 per hour. Assume a population standard deviation of $2.40 per hour and compute the p-value.
Sample size (n) = 30
Sample mean (Sm) = 23.89
Population standard deviation (σ) = 2.40
Obtaining Z:
Z = (Sm - m) / σ/√n
Z = (23.89 - 24.57) / 2.40/√30
Z = - 0.68 / 0.4381780
Z = - 1.5518805
Using the online p value calculator from Zscore
P value = 0.121142
= 0.1211
